David Beckham and Gary Neville complete Salford City consortium takeover
Context:
David Beckham and Gary Neville, along with a new consortium, have taken over Salford City, buying out the rest of the Class of '92. Despite no longer being shareholders, Nicky Butt, Ryan Giggs, Paul Scholes, and Phil Neville will continue to be involved with the club in various roles. The new ownership group includes prominent figures such as former banker Lord Mervyn Davies and businessman Declan Kelly, and they have pledged significant investment in the club. The consortium, which also includes India-based Dream Sports Group and several other investors, aims to drive Salford City towards sustainability within the next four to five years. Salford City, having missed out on a play-off spot in the 2024-25 League Two season, is expected to benefit from the new strategic direction and investment promised by the new owners.
Dive Deeper:
David Beckham and Gary Neville, as part of a new consortium, have completed the takeover of Salford City, marking the end of the Class of '92's ownership, although the original members will remain involved in various capacities at the club.
The new ownership group includes notable figures such as Lord Mervyn Davies and Declan Kelly, who have committed to making significant investments in Salford City, including its team and facilities.
The consortium comprises nine shareholders, including the India-based Dream Sports Group, and their involvement comes after the club began seeking new investment opportunities in 2024.
Salford City has seen substantial growth since the Class of '92 took over in 2014, achieving four promotions in five seasons, but has remained in League Two since 2019.
The club narrowly missed out on a play-off spot in the 2024-25 League Two season, finishing eighth, just one point shy of the top seven teams.
Gary Neville's purchase of Peter Lim's stake last summer was a strategic move to facilitate the arrival of new partners and drive the club towards a sustainable future.
The new consortium, alongside Beckham and Neville, aims to elevate Salford City to new heights, promising success for the club's fan base, players, and associates.