Becks goes into cash orbit From Simon Baskett in Madrid January 12, 2007 FORMER England captain David Beckham will leave Real Madrid at the end of the season for a a five-year deal with American Major League Soccer side Los Angeles Galaxy. Beckham is set to earn more than $US250 million ($320 million) for the deal , after the removal of the MLS salary cap, picking up approximately $US1 million ($1.3 million) a week. "This week Real Madrid asked me to make a decision regarding my future and the offer to extend my contract for a further two seasons," Beckham said overnight. "After discussing several options with my family and my advisors to either stay here in Madrid or join other major British and European teams, I have decided to join LA Galaxy and play in the MLS from August this year. "I would like to thank supporters and the people of Madrid who have made my family and I so welcome in my time here making this an extremely difficult decision to make. "I have enjoyed my time here enormously and I am extremely grateful to the club for giving me an opportunity to play for such a great team and their amazing fans." In a televised interview provided by LA Galaxy, Beckham added: "Another challenge has come up and it is the right time for us to do it. "I didnt want to go out there at 34 years- old and for people to turn around and say he's only going there to get the money. It's not what I'm going out there to do. "I'm going to hopefully build a club and a team that has a lot of potential. I think that is what excites me. "Regrets? No. I have never had any regrets throughout my life and career and I never want to. "I moved to Real Madrid in 2003. I have to say thank you to Florentino Perez for giving me the chance to actually play for this huge team and to play in that white shirt was an honour for four years. "To play with the players I have played with, to play with Zidane was the biggest honour I have had in my career, to play with the likes of Ronaldo, Roberto Carlos you know, for me, there is no regrets there." Real Madrid confirmed that Beckham would not renew his contract with the club. "After a meeting this morning at the Bernabeu between the club and David Beckham's agents, both parties decided that David would not extend his present contract with the club which ends on June 30, 2007," Real reported on its website. The 31-year-old, who joined Real from Manchester United in June 2003, is the most famous player to sign up for MLS since it began in 1996. He is also the biggest name player to move to club football in the US since the Pele, Franz Beckenbauer, Johan Cruyff and George Best played in the long-defunct North American Soccer League in the 1970s and early 1980s. LA Galaxy had made public its interest in Beckham, who runs a football academy that shares its home with the team and who has close links to the Anschutz Entertainment Group, which owns the club. "David Beckham coming to MLS might be viewed by some as one of the most important moments for soccer in this country and perhaps the history of professional sport," MLS commissioner Don Garber said in a statement . "David trancends the sport and is a cultural icon. David is clearly one of the most recognisable athletes in the world. People are going to feel really good about David Beckham spending the rest of his career in the US." The news ends months of speculation about the future of the midfield player, whose Real contract expires at the end of the season. Having been first choice in the Real starting line-up since he moved to Spain, Beckham lost his place after the arrival of former Italy coach Fabio Capello. He has only started five of Real's 16 league games this season and was known to be frustrated with his lack of first team opportunities. The former Manchester United player said he is now inspired by the challenge of cracking the American football market. "I am proud to have played for two of the biggest clubs in football and I look forward to the new challenge of growing the world's most popular game in a country that is as passionate about its sport as my own. But he insisted he would be giving his all for Real Madrid until the end of the season, to try and win the major trophy that has eluded him since joining the club. "For the rest of this season I will continue to give 100 per cent to my coach, teammates and fans, and I believe Fabio Capello will bring this club and its supporters the success they truly deserve."