A source close to Beckham told the UK tabloid: "It's such an exciting project, he has found some land and it's pretty much all ready to go.
"It will be a special stadium, really up to date. Hopefully it will be used for concerts too. David wants it to be a real spectacle in Miami."
Beckham had a clause in his MLS contract allowing him to buy into a franchise - expansion or established - and it is believed that a launch, which includes his long-time business partner Simon Fuller and Bolivian billionaire Marcelo Claure, will occur next week.
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