David Beckham increases ownership stake in Inter Miami

David Beckham has increased his ownership stake in Major League Soccer side Inter Miami CF, the club announced Friday.

Beckham, Jorge and Jose Mas have bought out 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.

"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 is eighth in the Eastern Conference and sits outside the playoff picture by just one point. They face the New York Red Bulls on Friday and could be in a playoff spot by the end of the weekend. 

Miami began play in 2020 as an expansion club, going 7-13-3 in its inaugural campaign. Earlier this week, the Herons brought global cryptofinance firm XBTO onboard as their first-ever jersey sponsor.