Neville acquires Lim’s Salford City stake

Former Manchester United player Gary Neville has reportedly acquired the stake owned by Singaporean businessman Peter Lim in Salford City Football Club. This move marks a significant development in the ownership structure of the club, which has been owned by a group of former United players known as the ‘Class of ’92’.

Lim, who is also the owner of Spanish club Valencia, had been a minority stakeholder in Salford City since 2014. Neville’s acquisition of Lim’s stake is seen as a strategic move to consolidate control over the club and drive its growth and success in the future.

Neville, along with his former United teammates Ryan Giggs, Paul Scholes, Nicky Butt, and Phil Neville, had purchased Salford City in 2014 with the aim of taking the club from non-league football to the Football League. The club has since achieved promotion multiple times and currently competes in League Two.

With Neville now acquiring Lim’s stake, it remains to be seen how this will impact the club’s future direction and ambitions. Neville has been vocal about his desire to see Salford City reach the higher echelons of English football and this move could provide the financial backing and stability needed to realize those ambitions.

Lim’s decision to sell his stake in Salford City comes at a time when the club is at a crucial juncture in its development. The acquisition by Neville signifies a shift in ownership dynamics and positions the club for potential further growth and success.

As fans eagerly await further developments and announcements from Salford City, Neville’s acquisition of Lim’s stake has certainly set the stage for an exciting new chapter in the club’s history.