Admitting his disappointment at failing to make Britain's Olympic football squad, Beckham took himself out of the running for one of the greatest honours that can be bestowed on a sportsman or woman but offered no hint as to who should have the job of lighting the cauldron on July 27.
"I've always said, lighting the torch in the stadium is something that should be done by an Olympian... who has done incredible things for our country and won gold medals," Beckham said.
After the decision to leave Beckham out of the Team GB football squad was announced, the odds on the Los Angeles Galaxy player lighting the Olympic cauldron were slashed with bookmakers Ladbrokes quoting 5/1 at the time.
While Beckham has politely tried to remove himself from consideration as the athlete to open the Games, the former England captain had made no secret of his hopes of landing one of the three over-age spots in Stuart Pearce's U23 squad.
The world famous trend-setter, who is England's most capped outfield player with 115 appearances, has not featured for the national team since 2009 and instead of playing at the Games he will continue to perform his role as an Olympic ambassador.
"Obviously, all the talk of me possibly performing in the Olympics, it would have been a very proud moment for me," said Beckham, who was part of the bid team that helped win the Games.
"Everyone knows how proud I am of representing my country and to do it in my home town on such a big stage would have been incredible so, of course, I'm disappointed, but life goes on.
"My family are healthy, I'm pretty healthy, so at the end of the day, I'll be there to support the GB team.
"It's going to be a proud moment to be there and know that I was part of bringing the Olympics to the East End of London."
Beckham said support from family, friends and fans around the world had helped him get over the disappointment of missing out on the chance to march into the stadium as an athlete.
"The support has been incredible, the letters that I've got, phone calls that I've got," said Beckham. "Of course, I've had support from my family and friends, they are the ones that care and know how disappointed I am and I was at the time.
"Like I said, life moves on and I hope the GB team go to the Olympics and win as many medals, as many gold medals as possible."