David Beckham is set to take a 10 per cent stake in Salford City alongside his former Manchester United team-mates Gary Neville, Phil Neville, Ryan Giggs, Paul Scholes and Nicky Butt.
Gary Neville headed a news conference on Wednesday to confirm Beckham would take an equal shareholding in the National League to his fellow "Class of 92" graduates from the United youth system, subject to ratification from the Football Association.
Singaporean businessman Peter Lim remains the largest single shareholder at Salford, with 40%.
"We wanted to announce it on our terms," Neville said, flanked by his other ex-United colleagues at a briefing Beckham was unable to attend. "We know there's a process to go through and we can't be presumptuous that he will be accepted. David will attend a game at the earliest possible opportunity as the FA do their due diligence with the process. We don’t know how long it will take. We've applied today. The FA are seeing the documentation for the first time today. David has signed the forms but you have to enter the process to determine fit and proper ownership."
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