David Beckham and Gary Neville are part of a new consortium to have taken ownership of English fourth-tier soccer club Salford City.
The club was previously owned by Beckham, Neville and other former Manchester United teammates in its so-called ''Class of ‘92'' — Nicky Butt, Ryan Giggs, Paul Scholes and Phil Neville — along with Singapore businessman Peter Lim.
A new ownership group, containing Beckham, Gary Neville and other shareholders from the United States, India and England, has bought Salford and have committed to ''invest significantly in the club, the team and its facilities," Salford said on Thursday.
Butt, Giggs, Scholes and Phil Neville are no longer shareholders but ''will continue to contribute to the next step of this journey with roles in the club,'' Salford said.
Beckham grew up in Salford and said he had ''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.''
Beckham also is a co-owner of Major League Soccer club Inter Miami.
Neville said the consortium contains ''a diverse range of minds and expertise, held together by a love of football.''