Nicky Butt comments as Class of 92-owned Salford City make investment announcement

Class of 92-owned Salford City are looking for further investment in the club, it has been announced.

A process has been launched to 'explore new strategic partners' for the League Two side as they look to further develop as a club. The aim is to become a Championship club at Salford City, which is part-owned by former Manchester United greats David Beckham, Ryan Giggs, Paul Scholes, Nicky Butt and the Neville brothers; Gary and Phil. Businessman Peter Lim owns the remaining 40% of the ambitious Moor Lane club.

A club statement read: "Current owners and management (led by the Class of ’92) remain fully committed to the club but are open to the possibility of the right new partner investing alongside the group with a view to capitalising on the club’s significant sporting, media/commercial and infrastructure opportunities.

"As part of the process, the Board intends to consider a range of potential partners and some interest in new equity investment in the club has already been received."

Salford City CEO - and former Manchester United midfielder - Nicky 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."

A club statement added that Tifosy Capital & Advisory is acting as the company’s exclusive financial advisor, while Salford City FC 'does not intend to make any further announcements regarding the review unless the Board approves a specific course of action'.