David Beckham Starting MLS Team in Miami
02/05/2014 AT 12:25 PM EST
Calling the opportunity "a dream," Beckham told a news conference that he chose Miami because it was a "vibrant" city where he was "looking forward to spending a lot of time here with my wife and family."
The first order of business is building a stadium. "We don't want public funding," says the frequently shirtless sports icon and star of underwear ads. "We will fund the stadium ourselves."
"The people of Miami deserve a stadium they can be proud of," he says, adding he plans to create a kids soccer academy. "It's all about nurturing talent."