Don Garber, MLS commissioner, said he was confident the remaining litigation regarding the stadium would be overcome and explained that although the team name would be chosen through a process involving fans, and a branding agency would be brought in, but Beckham would have an input.
More details are expected to be unveiled at noon ET, when Garber and Beckham share the stage again for another press conference. Beckham had originally been offered the chance to buy a franchise, he revealed, because "we were not able to pay him remotely what he was paid at Real Madrid". It's just how you react when you go through hard times.
The investment group has been forced to explore various different proposed sites for the new stadium - but Beckham has insisted Overtown will definitely be the future home of MLS in Miami.
"I want to thank Major League Soccer for welcoming Miami, and our gratitude also goes out to the owners of Miami's MLS club for their dedication to making this a reality", said Miami Mayor Francis X. Suarez. I had a pretty good career.
No fewer than 13 clubs have joined the league since 2007, while MLS has added teams in New York, Orlando, Atlanta, Minnesota, Los Angeles and, most recently, Nashville in the time since Beckham picked Miami as the home of his team in early 2014.
Beckham's newest partners, Jorge and Jose Mas, have privately continued discussions about other possible sites, raising questions about whether the soccer group might once again shift course and pursue an alternative site.
Beckham headed the ownership group for the MLS expansion side and, while famous sporting names such as Tom Brady, Serena Williams, Wladimir Klitschko and Neymar simply had encouraging words, Bolt appeared with an ulterior motive.
The 9 a.m. PR announcement from Miami's Adrienne Arsht Center will be streamed live on MLSsoccer.com, FoxSoccer.com and aired live on Univision Deportes Network (UDN) in the US; it will be streamed live on TVA Sports in Canada. The Fusion ownership group reportedly lost millions during its years in the MLS.
"I think the fact that it has taken this long, the fact that it's taken four years actually has worked as a positive. That's what I've always tried to teach the kids".
Beckham, 42, retired in 2013 after a glittering 20-year career with Manchester United, Real Madrid, the Galaxy and Paris Saint-Germain as well as a successful worldwide career in which he was capped 115 times.
The Miami Herald reported over the weekend that a local landowner and neighbors of a slated stadium site in the city's Overtown district were organizing to block zoning approvals required to finally begin construction.