Former England footballer David Beckham along with his brothers Jorge and Jose Mas have finalised the buyout of Marcelo Claure and Masayoshi Son at Inter Miami CF. The club has released an official statement regarding the same. David Beckham had arrived at the MLS at the Los Angeles Galaxy and had the right to a discounted MLS franchise as part of the deal which brought him to the USA. Inter Miami CF became the 25th official team in the Major League Soccer last season and even managed to reach the playoffs.
“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,” said Beckham.
“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.”
Ares Management in an official statement has said that through funds managed by its Credit Group, they have completed a $150M preferred equity investment in Inter Miami CF. Ares Management provides capital to support businesses and stakeholders. They operate in the fields of credit, private equity, real estate and infrastructure asset classes.
“We are excited to support the future growth of this franchise and look forward to a long-term relationship with both Inter Miami and MLS,” said Jim Miller, Partner and Co-Head of U.S. Direct Lending at Ares. “We also look forward to continuing to provide creative capital solutions to clubs and leagues in the sports franchise sector.”
“We believe that this investment is another example of how our significant scale and flexible capital enables us to provide compelling capital solutions to major sports league owners,” said Mark Affolter, Partner and Co-Head of U.S. Direct Lending at Ares. “We remain encouraged by the attractive industry tailwinds that are driving great demand for innovative investors, like Ares, in this sector.”
“We are incredibly proud of the premier club that we are building with our fans,” said Jorge Mas, Managing Owner of Inter Miami CF. “We are also very pleased to have a strategic relationship with Ares to support our Club at this important stage of our growth.”