United Legends Buy Salford City FC
Fri 28th Mar 2014 | Clubs Ownership
Salford City FC will have the eyes of the world cast upon it after five of Manchester United’s famed ‘Class of 92’ confirmed their intention to acquire the club.
Gary Neville, Phil Neville, Ryan Giggs, Paul Scholes and Nicky Butt have exchanged on a deal to acquire Salford City Football Club subject to FA and League approval. The deal is due to complete in summer 2014.
On announcing their plan to buy the Evo-Stik First Division North outfit, Gary Neville said, “I had my first trial for Manchester United in Salford at age 11 and I will never forget how important that was to me.
“Salford City FC to me represents those early years, the commitment, hunger, enthusiasm, desire and spirit of football and I am very excited about this venture.”
Paul Scholes, added, “We know it will be tough but we will be committed to this from the start and have some very exciting plans going forward.”
The group will take charge in summer 2014, but it’s understood the current committee will continue to work in their roles on the day to day running of the club but also assist the group going forward.
Salford City Chairman, Karen Baird, who was instrumental in the deal, said, “It is an exciting time for Salford City FC and I believe there are many more great achievements to come for the club.
“Without a doubt this deal will result in a very bright future ahead and is a great advert for non league football. The club are in full support of the group and believe it to be a very positive move both for Salford City FC and the City of Salford itself.”
The announcement was made on the same day as the FA learned it was to receive a £1.6m cut in its grassroots funding, the result of falling participation rates.
Ryan Giggs, who is currently still playing for Manchester United and has a long history with Salford City FC, added, "Everyone knows how important Salford is to me, so this is an exciting acquisition that is right at the heart of what we all believe in.
“We want to engage the football community, use our football experience and knowledge to aspire and nurture young talent and being able to do that in Salford makes it even more exciting."
Posted by: Aaron Gourley
|RETURN TO LATEST NEWS SECTION|
|SUBSCRIBE TO THE FCBUSINESS RSS FEED|
|If you have any football business related news stories you’d like to share then please contact us –|
To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.
Thu 23rd Mar 2017 | Clubs Ownership
Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...
Thu 5th Jan 2017 | Clubs Ownership
Specialist Sports Law Team at Walker Morris reinforces its national reputation for football club acquisitions/sales with the latest sale of Leeds United FC. Specialist sports lawyers at Walker Morris...
Wed 4th Jan 2017 | Clubs Ownership
Aser Group Holding has completed its investment in Leeds United Football Club today. Leeds United Football Club has confirmed Aser Group Holding, through its acquisition vehicle Greenfield Investment...