Cardiff City owner Vincent Tan has teamed up with basketball legend Magic Johnson and other investors to secure a new Major League Soccer franchise called Los Angeles Football Club.
The new team, which is also backed by Queens Park Rangers co-owner Ruben Gnanalingam and former US women's football star Mia Hamm, will enter MLS in 2017.
"We believe this team can become a globally-recognised brand," said Los Angeles Football Club managing partner Henry Nguyen.
MLS will become a 22-club division in 2017, with a new Atlanta-based franchise also joining the league as an expansion team that season.
Tan, who also owns FK Sarajevo in Bosnia, has told BBC Sport that he will be a "minority partner" in Los Angeles Football Club.
