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Beckham Signs with Galaxy, then buys them January 12, 2007

Posted by chuckwh in News and politics.

David Beckham signed a five year contract with the Los Angeles Galaxy for $250 million today, then turned around and bought the team for $2.5 million, its estimated worth.

Neither team spokespeople nor Beckham would provide details on the financial aspects of the two deals, although financial and sport business experts say that the two sides will need to get creative.

While it’s debatable the Galaxy is actually worth the $2.5 million Beckham has reportedly purchased the team for, Beckham was pleased enough with the deal to say last night, “My wife has dresses that cost that much, so yeah, I’m a pretty happy bloke right now.”



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