Former England and Manchester United midfielder Paul Scholes has been fined £8,000 by England’s Football Association after admitting to breach of betting rules.
Scholes was charged by the FA in April for placing 140 bets worth over £26,000 on matches between August 2015 and January 2019 .
The period covers when Scholes was a part-owner of non-league side Salford City, but before his appointment as Oldham manager in February 2019.
He was found guilty by an independent regulatory commission last Thursday, when he was fined £8,000 and told to pay £1,800 towards the cost of the hearing and warned about his future conduct.
In the written reasons for its verdict, the FA said Scholes placed eight bets on former club Manchester United during a period when Giggs and Butt were employed by the club.
He was also said to have placed a bet on Valencia beating fellow Spanish club Barcelona when Gary Neville was the manager.
“I would like to apologise and I understand and fully accept the fine imposed by the FA… It was a genuine mistake and was not done with any deliberate intention to flout the rules,” said Scholes in a statement released on Wednesday.
The 44-year-old who won 11 Premier League titles with Manchester United and was capped 66 times by England, retired from playing in 2013 and became a part-owner of Salford in 2014 alongside former United players Gary and Phil Neville, Ryan Giggs and Nicky Butt.