League Two side Salford City taken over by new investment group led by David Beckham and Gary Neville

Salford City Football Club today announced that the Club has been acquired by a new ownership group led by David Beckham and Gary Neville, buying out the other four members of the 'Class of '92'.

The two former Manchester United teammates have formed a new investment group alongside US-based businessman Declan Kelly and Lord Mervyn Davies, who will both serve as new Co-Chairs of the Club’s Board.

The acquisition includes a commitment by the new shareholders to invest significantly in the Club, the team and its facilities.

The acquisition has been uniquely structured, through a members club made up of nine shareholders including Dream Sports Group (India’s leading sports technology company), Colin Ryan (Founder, Clipper Street Capital), Frank Ryan (Global Co-Chair, Global Co-CEO, and Americas Chair, DLA Piper), Nick Woodhouse (Executive Vice Chairman, Authentic Brands Group), and Shravin Mittal (Founder of Unbound).

In a statement on the club's official website , the club confirmed that 'the Class of ‘92 and Peter Lim... are no longer serving as shareholders.'

However it also confirmed Nicky Butt, Ryan Giggs, Paul Scholes and Philip Neville will 'continue to contribute to the next step of this journey with roles in the Club across technical, football, commercial, recruitment and the SCFC foundation.'

David Beckham said: “I grew up in Salford….I have such fond memories of my time living there and the place and its people played such an important part in my early life in football. Salford City is at the heart of its community….it has a rich history and I am delighted to be a part of the next chapter.”

Declan Kelly and Mervyn Davies said in a joint statement: “We have been close friends and partners for more than a decade and we look forward to partnering with David, Gary, this phenomenal new ownership group, the Class of ’92 and everyone at SCFC to take this project to the next level and hopefully bring more success to Salford City’s wonderful fan base, players and everyone associated with the Club.”

The club was first taken over by the Class of '92 in 2014 and saw a rapid rise through Non-League and into League Two in 2019. 

Since then however the club has struggled to maintain a promotion challenge, and narrowly missed out on the Play-offs this season, finishing in eighth position.