What is the news mainly about?

(29[B])English premier league club Manchester United announced on Tuesday that they have reached agreement with Real Madrid on the transfer of David Beckham on a fee of 35 million euros (approximately 40 million US dollars). (30[D])Manchester United said on its official website that the deal is expected to be completed in July, upon approval by the boards of Manchester United and Real Madrid, and on the provision of satisfactory payment guarantees. David-Beckham, who still has two years remaining on his contract with United, has agreed on personal terms with Real Madrid, said the statement.