Gary Neville has become the majority shareholder at League Two side Salford City after it has been announced that the former Manchester United defender has bought out the shares of Peter Lim’s share.
The transaction marks a successful conclusion to Lim’s 10-year tenure in the club, during which he mentored the club’s growth from a grassroots football club to a professional one. Through Lim’s partnership, the club achieved four promotions in the first five seasons, reaching the English Football League in 2019 and claiming the EFL Trophy in 2020, the first major trophy in the club’s history.
The club’s remaining shareholders, Gary Neville, Nicky Butt, Ryan Giggs, Paul Scholes, Phil Neville and David Beckham (the Class of 92) remain committed to the club and continue to have ambitious plans for future growth.
They have issued the following statement:
“We cannot thank Peter enough for his support, friendship, belief and loyalty to us for over 10 years, not only in Salford City but in other projects that we have worked on together. Peter has been integral in helping to create a legacy at Salford City that we are now determined to build on.”
CEO Nicky Butt added:
“Peter’s support has allowed us to become an established League Two club with a unique ownership. We are committed to the future growth of this club in the best interests of the supporters, stakeholders and the local community.
“We continue to explore options to potentially work with additional new strategic partners to assist us in achieving our ambitions for the club. We are as excited as ever about the new football season and remain focused on strengthening our playing squad and achieving future success on the field alongside the continued development of the football club.”
