Beckingham PalaceBritain's favorite couple, David and Victoria Beckham, are making their 2007 move to the States official -- they're selling their infamous Beckingham Palace in England and permanently settling in Los Angeles.

Bursting any bubbles the English may have had that the power couple would find their way back across the pond, the 1930s Georgian property went up for sale this weekend at £18,000,000, which according to my little currency converter, equals to around $27.5 million. Holy crap.

No offense to the Brits, but this was a very smart financial move on their part, which comes few and far between in the celebrity world. 

Reportedly, the decision to sell came after hired accountants examined their income, who found that they were wasting spending hundreds of thousands on running their worldwide homes. Being that this property was by far the biggest money guzzler, they chose to nix it.

Along with the obvious financial reasons, there are plenty of other arguments they could make for deciding to permanently stay in LA.

  • Though currently injured, David Beckham is under contract with the LA Galaxy soccer team for at least another three years. Considering that his contract is worth approximately $18.4 million, I'm guessing he's not planning on going anywhere for awhile. 
  • Their three boys Brooklyn, 11, Romeo, 8, and Cruz, 5, are settled, and are even running around with cute little American accents.
  • They definitely don't have a lack for "retreats," being that they still own a friggin' chateau in France and a luxury apartment in Dubai. 
  • They schmooze with the best -- would you want to move anywhere else if you were BFFs with the likes of Tom Cruise, Eva Longoria, and Heidi Klum? Didn't think so.
  • Victoria Beckham's fashion line is blowing up. She's even showing her new collection at the upcoming Fashion Week in NYC.
  • They'll have a smaller London apartment for their Britain business.
  • Three words: Los Angeles weather.

Sure the mansion has tennis courts, a recording studio, petting zoo, swimming pools, and a "snooker" room (huh?), but, as my mama always said, what's the point of having it if you're not going to use it?

By the way, apparently a snooker room is the same as a billiards room (though it sounds more like a sexy-time name to me). Those crazy Brits with their odd lingo.

Think the Beckhams are being smart by getting rid of their England estate?

 

Image via Splash News