The takeover of Salford City by members of Manchester United’s Class of 92 has been confirmed, subject to approval from the league.
The deal is expected to see the club taken over by the players in the summer.
Nicky Butt, Paul Scholes, Ryan Giggs, Gary and Phil Neville are all part of the takeover bid and will take control of the non-league club.
The Sun ran with a story this morning that the Class of ’92 were going to be involved in a potential takeover bid for Manchester United but that was nothing more than hot air.
G Neville, Ryan Giggs, Paul Scholes, Nicky Butt and P Neville have exchanged on a deal to acquire Salford City FC, it's just been announced
— James Ducker (@TelegraphDucker) March 27, 2014
Confirmed: Nevilles, Giggs, Scholes and Butt have bought Salford City.
— Mike Keegan (@MikeKeegan_DM) March 27, 2014
Salford City has a place close to Gary Neville’s heart and he is happy to be back involved with the club that gave him his first opportunities.
He said: “I had my first trial for United in Salford at 11 & will never forget how important that was to me. Salford City to me represents those early years, the commitment, hunger, enthusiasm, desire and spirit of football.”
Here’s what the other players had to say on the takeover.
Paul Scholes: “We know it will be tough but we will be committed to this from the start and have some very exciting plans going forward.”
Nicky Butt “Moor Lane’s sporting heritage dates back 320 years and it should be safe guarded so it becomes a lasting legacy.”
Phil Neville: “It’s important to safeguard the hard work that is done in the lower leagues,” he said.
“It is going to be exciting to be able to feed our experience into the young players.”
Ryan Giggs: “Everyone knows how important Salford is to me, so this is an exciting acquisition. We want to engage the football community, use our football experience and knowledge to aspire and nurture young talent. Being able to do that in Salford makes it even more exciting.”