Manchester United legends Paul Scholes, Gary and Phil Neville, Nicky Butt and Ryan Giggs have agreed a deal to buy Salford City Football Club, subject to FA and Football League approval, reports Sky Sports.

The purchase of the Evo-Stik League Division One North club is due to be completed in the summer, with the group wanting to put something back into the community of Salford and surrounding area.

Conformation of the deal came on the same day rumours surfaced that United's famous 'Class of 92' were considering a takeover at Old Trafford, a story that was rejected by United officials.

With Giggs still a part of the playing staff at United, and Gary and Phil Neville involved in coaching roles with England and United respectively, it is unknown exactly what roles they will take on in their new venture.

"I had my first trial for Manchester United in Salford at age 11 and I will never forget how important that was to me," Gary Neville said.

"Salford City FC to me represents those early years, the commitment, hunger, enthusiasm, desire and spirit of football and I am very excited about this venture."

Scholes said: "We know it will be tough but we will be committed to this from the start and have some very exciting plans going forward."

Butt said: "Moor Lane's sporting heritage dates back 320 years, the oldest of its type in the Manchester area and this should be safeguarded so it becomes a lasting legacy for future generations."

Phil Neville said: "It is important to safeguard the hard work that is done in the lower leagues and it is going to be exciting to be able to feed our experience into the young players."

Giggs said: "Everyone knows how important Salford is to me, so this is an exciting acquisition that is right at the heart of what we all believe in.

"We want to engage the football community, use our football experience and knowledge to aspire and nurture young talent and being able to do that in Salford makes it even more exciting."

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