New Group Acquires Salford City with Beckham and Neville at the Helm
Salford City has been acquired by a new ownership group, led by former England internationals David Beckham and Gary Neville, who were already investors in the club. The announcement was made by the League Two team on Thursday.
The ownership group also includes American businessman Declan Kelly and Mervyn Davies, chairman of the Lawn Tennis Association of Great Britain. Salford reported that the acquisition includes a commitment to invest in the club, the team, and its facilities.
Beckham and Neville had invested in the club along with other former Manchester United teammates, Nicky Butt, Ryan Giggs, Paul Scholes, and Philip Neville.
The other members of the so-called ‘Class of 92’ are no longer shareholders, but they will have roles in the club.
Salford City competes in League Two, the fourth division of English football.
I am passionate about Salford City. This is a unique association with a diverse range of minds and experience, united by the love of football.
Gary Neville
Neville added: “Football will come first, however, it is crucial that we drive the club towards sustainability over the next 4-5 years. I can’t wait for the next part of this journey.”
Salford City is at the heart of its community… It has a rich history and I am delighted to be part of the next chapter.
David Beckham
Salford was acquired by members of the ‘Class of 92’ in 2014 along with Peter Lim, who is no longer a shareholder after Gary Neville acquired his stake last year.
Since the acquisition, the club has achieved four promotions in five years. They finished eighth in League Two this season, missing out on a playoff spot.
The club has nine shareholders, including Dream Sports Group, Colin Ryan, Frank Ryan, Nick Woodhouse, and Shravin Mittal.
