Authentic Brands Group has about 75 names in its stable of well-known labels that range from Juicy Couture and Brooks Brothers to Marilyn Monroe and Elvis Presley.

But the David Beckham brand deal, representing one of today’s most famous soccer stars, probably took the longest to negotiate.

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“About 10 years ago, David sat down with us and said he would sell certain parts of his brand, but he wasn’t willing to divest the whole brand,” recalled Jamie Salter, the founder, chairman and chief executive of New York-based Authentic Brands Group launched in 2010. “We said we would like to do a deal where we were 50/50 partners, sort of like a marriage. We don’t want to be just about endorsements or just about merchandise. We want to be about everything. When we do these deals, we want them to last forever.”

Eight years later in 2022, Authentic Brands Group was paying $269 million for a 55 percent stake in DB Ventures, which manages Beckham’s global brand and businesses spanning sports, entertainment, lifestyle and luxury. As part of the deal, ABG became the largest shareholder in Beckham’s Studio 99, which produced the “Beckham” docuseries released on Netflix last year.

“You know, when Jamie and I first met, I knew we eventually would be in business together,” said Beckham, married to Victoria Beckham, who has her own self-named clothing and beauty labels. “It just took a little bit longer than we both thought.”

Beckham and Salter were speaking at a talk moderated on Monday by former junk bond trader Michael Milken at the 27^th Milken Institute Global Conference, an annual confab of global elites, high-stakes investors and politicians held at the Beverly Hilton in Beverly Hills.

Beckham recounted how it was 10 years before his retirement as a soccer player for Manchester United, Real Madrid and the LA Galaxy that he decided to transition from athlete to entrepreneur. “Throughout my career, I was the face of quite a few brands, but I wanted more with my own business,” the athlete said.

Yet he knew he would eventually need to bring in someone to grow the brand beyond a certain level. That’s where Salter came in.

The New York businessman said he wanted to partner with Beckham for many reasons, one of which was the athlete’s hard-work ethic and dedication to family and fans. “His family values were incredibly important to me and his devotion to fans,” Salter said. He recounted how Beckham never neglected his followers and would stand to take pictures and sign autographs until the last person left the building. Salter also knew he could invest in DB Ventures and be confident Beckham would be ready to work the day after the check was signed.