David Beckham to sell Beckingham Palace

They have also decided to sell up their 2.5 million pounds French house to cut their ties from Europe.

“David and Victoria have been wanting to sell up for a couple of years now but the timing was never right. They didn’t want to lose money,putting their homes up for sale during a slump in the property market. So,after getting it valued two years ago,decided to hold off until now,” a source said.

“The Beckhams have made LA their home,and the kids are settled there,” the source added.

The couple bought Beckhingham Palace’s sprawling 22-acre estate in 1999,shortly after tying the knot. They also bought a seven bedroom house in France in 2003,but have barely spent any time in it.

The Beckham clan moved to sunny Los Angeles in 2007 so that footballer David,36,could take up a spot playing for local team LA Galaxy.

They have since made it their home,with sons Brooklyn,Romeo and Cruz settling into schools in the city. And during their time in the States the Beckhams have also welcomed baby daughter Harper into the world.