The footballing investments of Manchester United icons Gary Neville and Roy Keane have proven to be as shrewd as their tackling, with their stake in Salford City FC now valued at a colossal £18.5 million.
According to recent financial documents, the League Two club is preparing for a new share issue that would value the entire enterprise at this impressive figure. This represents a monumental return for the famed 'Class of 92' cohort, which also includes Phil Neville, Paul Scholes, Nicky Butt, and David Beckham, who initially bought the club over a decade ago.
From Non-League to Multi-Million Pound Enterprise
The journey for Salford City is a modern football fairytale. The group, alongside Singaporean billionaire Peter Lim, purchased the club for just £500,000 when it was languishing in the Northern Premier League Division One North, the eighth tier of English football.
Their ambitious project has seen the Ammies achieve a remarkable five promotions in just nine seasons, finally reaching the English Football League (EFL) in 2019. This meteoric rise is directly reflected in the club's soaring financial valuation.
Financial Footwork: Inside the Staggering Valuation
The company accounts for Project 92 Limited, the club's parent company, lay bare the incredible growth. The documents show the club's net worth stood at over £14.5 million as of June 2023.
To fuel further growth and ambition, the club is seeking to raise additional capital through a new issue of 'B' ordinary shares at £1.65 per share. This move would officially value the entire club at a cool £18.5 million, a figure that underscores the commercial success of the project far beyond the pitch.
The accounts also note a secured loan of just over £2.1 million from fellow co-owner Peter Lim, highlighting the continued financial backing behind the club's vision.
More Than Just Football: The Community Impact
The success isn't confined to balance sheets and league tables. The investment has transformed the club's infrastructure, culminating in the move to the purpose-built, all-seater Peninsula Stadium in 2017.
This facility has become a hub for the local community, cementing Salford City's status as a professional football club with deep roots and a bright future. The staggering valuation is a testament to the power of a bold vision, strategic investment, and the undeniable draw of footballing royalty.
