LOS ANGELES (AP)—David Beckham is coming back to the Los Angeles Galaxy in July.
The English midfielder will remain on loan to AC Milan through the end of the Italian team’s season, which concludes May 31.
But it’s going to cost Beckham to stay overseas. He and AC Milan are jointly paying the Galaxy in a “multimillion dollar deal” to extend his loan, the Galaxy said in a statement issued late Saturday night.
On Sunday, Milan issued a statement confirming the move a few minutes before its game with Atalanta.
“AC Milan announces that the player David Beckham will remain with the Rossoneri until June 30, 2009,” the statement said.
Financial terms of the arrangement were not disclosed. The Galaxy had sought $10 million for the outright purchase of Beckham, but AC Milan officials had offered $3 million.
The two sides were negotiating for weeks and reached agreement on the loan extension hours before it was due to expire after AC Milan’s game with Atalanta.
“I’m really grateful to the L.A. Galaxy and AC Milan for making this dream deal happen,” Beckham said in the statement.
The English midfielder will remain on loan to AC Milan through the end of the Italian team’s season, which concludes May 31.
But it’s going to cost Beckham to stay overseas. He and AC Milan are jointly paying the Galaxy in a “multimillion dollar deal” to extend his loan, the Galaxy said in a statement issued late Saturday night.
On Sunday, Milan issued a statement confirming the move a few minutes before its game with Atalanta.
“AC Milan announces that the player David Beckham will remain with the Rossoneri until June 30, 2009,” the statement said.
Financial terms of the arrangement were not disclosed. The Galaxy had sought $10 million for the outright purchase of Beckham, but AC Milan officials had offered $3 million.
The two sides were negotiating for weeks and reached agreement on the loan extension hours before it was due to expire after AC Milan’s game with Atalanta.
“I’m really grateful to the L.A. Galaxy and AC Milan for making this dream deal happen,” Beckham said in the statement.
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