Gary Neville and Man United’s Class of ’92 legends seek external funding for Salford City after stalling in League Two since 2019 despite heavy backing

26 February 2024 0 By Total Football News
  • Salford City have had four promotions in 10 years but are stalling in League Two 
  • The Class of ’92 legends partnered with Peter Lim to buy the club back in 2014 
  • David Moyes doesn’t deserve the negativity towards him at West Ham. It’s ridiculous and shameful for the job he’s done – It’s All Kicking Off podcast

The Class of ’92 are seeking external funding for Salford City.

A new partner is wanted for the League Two side, which is part-owned by former Manchester United stars including the Neville brothers, Nicky Butt, Ryan Giggs and Paul Scholes.

The move comes 10 years after the group bought the club, along with Singapore businessman Peter Lim. Four promotions have followed, but the Ammies have stalled in League Two since arriving in 2019 and despite heavy backing. 

Karl Robinson, appointed in January, is the club’s sixth manager in less than six years.

A statement released by Salford, who are currently in 19th place, says that the current owners ‘remain fully committed but is open to the possibility of the right new partner investing alongside the group’. 

Salford City were bought by Man United's Class of '92 legends in 2014, namely Phil Neville, Nicky Butt, Ryan Giggs, Gary Neville and Paul Scholes

Salford City were bought by Man United’s Class of ’92 legends in 2014, namely Phil Neville, Nicky Butt, Ryan Giggs, Gary Neville and Paul Scholes

Despite earning four promotions in five years the Ammies have been in League Two since 2019

Despite earning four promotions in five years the Ammies have been in League Two since 2019

Karl Robinson is the club's sixth manager in less than six years as they struggle to progress from League Two

Karl Robinson is the club’s sixth manager in less than six years as they struggle to progress from League Two

They add that the aim is to ‘capitalise on the club’s significant sporting, media, commercial and infrastructure opportunities’.

Tifosy Capital & Advisory are acting as financial advisor.

Under the Class of ‘92’s ownership Salford moved to a 5,000-capacity stadium. This season they are averaging crowds of 2,914.

Chief executive Butt said: ‘We are backing Salford City with as much commitment and confidence as ever. We have achieved very special things here but there are major opportunities in front of us and we want to make sure we have the right mix of investment and strategic partners to take advantage of those opportunities. 

‘We had an original 10-year plan and with strong foundations now in place, it was always the intention to explore options for the next phase. That includes potentially bringing in new partners to help us grow the club and best serve the fans and community.’

It is thought that the club still aim to rise to the Championship.