Beckham had pushed hard to be in the British team as an over-age player and had been seen as a strong driver for ticket sales early in the process.
Speaking from Los Angeles on Thursday, Beckham talked about how he is moving forward and how he might yet be involved in the upcoming Olympic Games.
"All the talk of me possibly performing in the Olympics, it would have been a very proud moment for me," Beckham said, following LA Galaxy practice. "Everyone knows how proud I am of representing my country and to do it in my hometown on such a big stage would have been incredible, so of course I'm disappointed but life goes on."
The former Manchester United player had high praise for his former teammate Ryan Giggs and his new title of captain of Great Britain's squad heading to the Games.
"You know Ryan, obviously, he's had such an amazing career with Manchester United and also with the Welsh team. He might not have made a major competition but for the amount of time he's played for Wales and the way he's represented Manchester United over the years, he deserves to be there," said Beckham "He deserves to play in a big competition like this. It would have been great to have been there with him because we've got a lot of great memories from playing with Manchester United and I hope he gets a gold medal."
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