David Beckham increases Inter Miami participation

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Inter Miami CF announced on Friday that co-owners David Beckham and brothers Jorge and Jose Mas have finalized the buyout of former co-owners Marcelo Claure and Masayoshi Son.

In a separate press release, Ares Management said it made a $ 150 million “preferred stock investment” in Inter Miami.

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“We are extremely proud of the progress we have 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 determined than ever to work with my partners and friends Jorge and Jose to build a lasting legacy, develop the young players of our academy, compete regularly for championships and, most importantly, to root ourselves in the DNA of our community and from South Florida. “

Inter Miami CF CEO and 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 the south. from Florida.

“As we look to the future, these ownership changes underscore the deep conviction and commitment of my brother Jose and David to the success of our futbol club. On the pitch, we strongly believe that we are building the right culture and processes to win trophies, and off the pitch, we will continue to harness the power of the futbol to do positive things through our partnerships and community efforts. We look forward to welcoming Ares as a strategic investor and together developing Inter Miami. “

According to its website, Ares Management is a “global alternative investment manager providing its clients with complementary primary and secondary investment solutions in the credit, private equity, real estate and infrastructure asset classes”.

Los Angeles-based Ares Management bought a 33% stake in Atletico Madrid in June and also bought the McLaren Group in mid-July.

As of June 30, 2021, Ares had approximately $ 262 billion in assets under management, with approximately 2,000 employees operating in North America, Europe, Asia-Pacific and the Middle East.

“We are delighted to support the future growth of this franchise and look forward to a long term relationship with Inter Miami and MLS,” said Jim Miller, partner and co-head of US Direct Lending at Ares, in a statement. “We also look forward to continuing to provide creative capital solutions to clubs and leagues in the sports franchise industry.”

Earlier this week, Inter Miami also announced their first jersey sponsorship deal with the cryptocurrency XBTO. The multi-year partnership is worth between $ 4 million and $ 5 million per year.

Claure partnered with Beckham in 2014 to bring a team to Miami. He had previously tried to bring a team to Miami in 2009 with the help of Barcelona. Son was added to Inter Miami’s ownership group in 2017, at a time when the Mas brothers also joined the group.

Claure announced his departure from the Inter Miami property group via Twitter.

“My dream of bringing an MLS team to Miami began in 2009 and with Inter Miami my mission is over. It’s time to move on and let others carry on the mission. From my family to yours , thank you to the most important players on this trip – the fans who never gave up. “


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