Soccer

The class of 92’ have had their takeover bid of Salford City approved at last

Giggs, Scholes, Butt and the Neville brothers are also joined in the venture by the owner of Valencia

The class of 92 team during an organised pre-season friendly at the AJ Bell Stadium, Salford last year. Photograph: Dave Howarth/PA Archive
The class of 92 team during an organised pre-season friendly at the AJ Bell Stadium, Salford last year. Photograph: Dave Howarth/PA Archive
Wed Nov 12 2014 - 13:11

Salford City had previously been known, at best in many quarters for an appearance on BBC's "Road to Wembley" feature in 1990, that being their first ever year to enter the FA Cup.

Two years later their now newly approved part-owners were breaking into a Manchester United team which would dominate the English Premier League for well over a decade.

Today the club, now approaching their 75th year in existence, became officially owned by Ryan Giggs, Paul Scholes, Nicky Butt, and Gary and Phil Neville.

The five former Manchester United legends though only make up 50 percent of a star studded takeover. Singaporean businessman Peter Lim — owner of Valencia — has also taken a 50% share in the venture.

READ MORE

Salford is the largest city in England without a professional football club, finally reaching a non-league status over 30 years ago and today featuring in the the Evo-Stik Division One North club.

Back in March the ex-Red Devils quintet agreed to take over the club, while in September Peter Lim added his bid.

The final paperwork on their deal has now been completed after approval from the governing body and league with it being announced today that the management of the club on a day-to-day basis, as announced back in March, will remain the same.

Lim who is a lifelong United fan had previously been very close to buying Liverpool before the club was sold to the Fenway Sports Group.