David Beckham is out but Ryan Giggs is in for Britain's Olympic soccer team.

Beckham, one of soccer's iconic figures, announced Thursday he had failed to make the squad but the decision wasn't made official by the British Olympic Association until Monday.

Giggs, a Manchester United midfielder, will be part of Britain's 18-man squad for the London Games. The 38-year-old player joins fellow Welshman Craig Bellamy and England defender Micah Richards as the three overage players on the squad, which will represent Britain at an Olympics for the first time since 1960.

There are 13 Englishmen and five Welshmen on the team coached by Stuart Pearce. No players were picked from Scotland or Northern Ireland.