David Beckham and Gary Neville have completed a takeover of Salford City as part of a new consortium, buying out the rest of the Class of '92.
Their former Manchester United team-mates Nicky Butt, Ryan Giggs, Paul Scholes and Phil Neville are no longer shareholders as part of the new ownership group, which includes former banker Lord Mervyn Davies and businessman Declan Kelly.
However, the quartet will remain involved with the club in roles "across technical, football, commercial, recruitment and the SCFC foundation".
"I'm so proud to be part of a new ownership group alongside my mate [Gary Neville] as we begin the next chapter of Salford's journey," Beckham, who turned 50 last week, posted on Instagram., external
After the Class of 92's arrival at the club in 2014, Salford won four promotions in five seasons to reach the English Football League in 2019, but have remained in League Two since.
The Ammies finished the 2024-25 League Two campaign in eighth position, missing out on a play-off spot on the final day and ending the season one point outside the top seven.
Nine shareholders make up the new consortium, including India-based Dream Sports Group, Colin Ryan, Frank Ryan, Nick Woodhouse and Shravin Mittal.
Their arrival comes after the club's ownership began the process of courting new investment in 2024.
"The acquisition includes a commitment by the new shareholders to invest significantly in the club, the team and its facilities," a Salford statement said.
Beckham joined the Class of '92 and billionaire Peter Lim in investing in the club in 2019, almost five years after the initial takeover.
Gary Neville bought fellow co-owner Lim's stake in the club - which had previously been 50% - last summer in order to "pave the way for a new strategic partner".
Following Thursday's takeover, Neville said the new ownership group would "drive the club towards sustainability in the next four to five years".
In a joint statement, Kelly and Lord Davies said: "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.
"Hopefully [we can] bring more success to Salford City's wonderful fan base, players and everyone associated with the club."
Salford City last won promotion in 2019 - through the National League play-offs when they beat AFC Fylde at Wembley Stadium
Salford enjoyed a meteoric rise through non-league football following the original takeover in 2014, going from regional football to league football in five years.
Having won the Northern Premier League Division One North in their first season under new ownership, promotion to the National League North followed the season after.
The club won promotion to the National League two seasons later in 2017-18 and then subsequently went up to League Two via the play-offs in 2018-19.
Since then, however, that momentum has floundered.
In six seasons in the fourth tier, Salford have reached the play-offs just once, when they were beaten in the semi-final by local rivals Stockport County in 2023.
Last season they finished 20th, their lowest position since winning promotion to the EFL, but they fared much better under manager Karl Robinson's stewardship this term.
Robinson had led the club to third in the table in January, but their form tailed off, picking up just six wins from their final 22 games after a chastening 8-0 drubbing by Manchester City in the FA Cup.
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