David Beckham has reportedly splurged out on a £5m yacht that he helped design himself.

The ex-footballer, 46, was said to have 'treated himself' to the luxury boat after being inspired by ocean journey's with friends, Elton John and David Furnish who are known to holiday at sea.

According to the media, Beckham has plans to sail on his new boat in the New Year with his wife, Victoria, 47, and their children.

A source has said:

"David had a look around some yachts in the summer, and decided to treat himself. He helped design the boat himself, and has been incredibly hands-on with everything."

"It's not an oligarch-stylee super-yacht, but it's still pretty plush by anyone's standards. He was inspired after holidaying with Elton and David on their boat - and loves life on the water."

Furthermore, details of the boat have been told:

"There will be an area for the kids to snorkel, and the boat will be a brilliant base for the whole Beckham clan to have magical holidays abroad."

The yacht is expected to be ready 'within weeks' after a final few touches have been made.

David, wife Victoria and children Brooklyn, 22, Romeo, 19, Cruz, 16 and 10-year-old Harper have often been seen holidaying on yachts over the years.