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David Beckham and Gary Neville have completed a takeover of Salford City as part of a new consortium, buying out the rest of the Class of '92.
Their former Manchester United team-mates Nicky Butt, Ryan Giggs, Paul Scholes and Phil Neville are no longer shareholders as part of the new ownership group, which includes former banker Lord Mervyn Davies and businessman Declan Kelly.
However, the quartet will remain involved with the club in roles "across technical, football, commercial, recruitment and the SCFC foundation".
After the Class of 92's arrival at the club in 2014, Salford won four promotions in five seasons to reach the English Football League in 2019, but have remained in League Two since.
The Ammies finished the 2024-25 League Two campaign in eighth position, missing out on a play-off spot on the final day and ending the season one point outside the top seven.
"The acquisition includes a commitment by the new shareholders to invest significantly in the club, the team and its facilities," a Salford statement said.
Nine shareholders make up the new consortium, including India-based Dream Sports Group, Colin Ryan, Frank Ryan, Nick Woodhouse and Shravin Mittal.
Their arrival comes after the club's ownership began the process of courting new investment in 2024.
Beckham joined the Class of '92 and billionaire Peter Lim in investing in the club in 2019, almost five years after the initial takeover.
Gary Neville bought fellow co-owner Lim's stake in the club - which had previously been 50% - last summer in order to "pave the way for a new strategic partner".
Following Thursday's takeover, Neville said the new ownership group would "drive the club towards sustainability in the next four to five years".
In a joint statement, Kelly and Lord Davies said: "We look forward to partnering with David, Gary, this phenomenal new ownership group, the Class of '92 and everyone at SCFC to take this project to the next level.
"Hopefully [we can] bring more success to Salford City's wonderful fan base, players and everyone associated with the club."
