Salford City have wished Paul Scholes well as the Class of ’92 member becomes the new manager of Oldham Athletic.
Due to Scholes involvement as a co-owner at The Peninsula Stadium, the English Football League’s approval was required before Scholes could take over at Oldham.
The EFL ruled last week that there was no conflict of interest, following Scholes’ resignation a director of Salford City FC allowing the hiring of Scholes to become official.
The former England and Manchester United midfielder joins Oldham Athletic on a one and a half year contract, and will be joined by former Latics coach Mick Priest as his assistant.
A Salford City spokesperson: “Although Paul was never operational in Salford City he will resign as a director of the football club, allowing him to focus completely on his new role at Oldham.
“From the start we have always said that each of the Class of ’92 would offer different levels if commitment dependent on their individual roles.
“Salford City is a long term interest fir the Class of ’92 and Paul will retain his 10 percent shareholding in the club.”
Paul will resign as a director of Salford City, but will retain his 10% shareholding.
— Salford City FC (@SalfordCityFC) February 11, 2019
Scholes replaces academy coach Pete Wild, who had taken the manager’s position in a caretaker role since Frankie Bunn was sacked in December.
Despite numerous links to managerial positions since his retirement in 2013, Scholes had taken his time to prepare for a managerial role in football.
Scholes said: “It’s been a while. Obviously there’s been talk of it when I finished my (playing) career.
“It wasn’t something I was quite ready to do and there’s obviously been three or four time over the last six years where it could have happened and I’ve not been quite ready.
“But now I feel, I hope, the time is right to give it a go and hopefully we can be successful together.”
Scholes’ departure from Salford City might have been more of a blow had it not been for another Class of ’92 member recently joining the fold.
David Beckham’s arrival and purchase of a 10 percent stake in the club has shifted majority control of the club’s ownership to the Class of ’92, with Peter Lim keeping a 40 percent minority share of the Ammies.
Beckham’s arrival into the fold not only helped the club locally, but the global superstar helped attract worldwide interest for the small National League club.