David Beckham and his partner complete buyout with soccer team

Inter Miami CF (Miami soccer team) announced last week that co-owners David Beckham and

brothers Jorge and Jose Mas have completed their buyout of former co-owners Marcelo Claure

and Masayoshi Son.

"We are immensely proud of the progress we've made over the past year and a half in Major

League Soccer, and we are grateful to have had Marcelo and Masayoshi with us for the first

part of our journey," Beckham said in a statement. "I am more committed than ever to working

with my partners and friends Jorge and Jose to build a lasting legacy, developing youth players

from our academy, competing for championships regularly, and most importantly, rooting

ourselves into the DNA of our community and South Florida."

Inter Miami CF CEO and managing owner Jorge Mas added: "This is an important milestone for

Inter Miami, and we thank Marcelo and Masayoshi for believing in bringing a team to South

Florida.

"As we look toward the future, these ownership changes underscore mine, my brother Jose's

and David's deep belief and commitment to the success of our futbol Club. On the field, we

firmly believe we are building the right culture and processes to lift trophies, and off the field, we

will continue to harness the power of futbol to do positive things through our partnerships and

our community efforts. We look forward to welcoming Ares as a strategic investor and together

grow Inter Miami."

Claure announced his departure from the Inter Miami ownership group via Twitter and earlier

this week, Inter Miami also announced its first jersey sponsorship deal with cryptocurrency

XBTO. The multiyear partnership is worth a reported $4 million to $5 million per year.