Beckham and Neville strengthen Salford City ties

David Beckham and Gary Neville have completed a majority takeover of Salford City as part of a new consortium that has secured $15–20m in funding for the club’s development.

The news follows the departure majority shareholder Peter Lim in 2024 which kick started a change in ownership structure at the EFL League Two football club.

Former Manchester United stars Beckham and Neville, already shareholders in the club, have assumed control through a consortium that includes Declan Kelly, founder of U.S. advisory firm Consello, and Lord Mervyn Davies, chair of the Lawn Tennis Association.

The group have formed a new board of directors and will act as co-chairs.

Salford have competed in League Two, the fourth tier of English football, since 2019. The new consortium has raised an estimated $15–20m, which has been earmarked for infrastructure improvements and on-pitch development.

The club have set a target of reaching the Championship within the next five years.

Former stakeholders Nicky Butt, Ryan Giggs, Phil Neville and Paul Scholes have sold their shares but will retain roles within the club’s broader operations.

Ownership stakes within the new consortium are split between 5% and 10% per member, accounting for 80% of the club. The remaining 20% has been reserved for future strategic partners.

A chief executive recruitment process is now underway, with operational control to be handled independently of the consortium.

Beckham, commented, “I grew up in Salford. I have 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.”

Neville, added, “I am passionate about Salford City. This is a unique partnership with a diverse range of minds and expertise, held together by a love of football. Football will come first, however, it’s critical that we drive the club towards sustainability in the next 4-5 years. I can’t wait for the next part of this journey.”