Former Manchester United midfielder Paul Scholes has issued an apology to the Football Association (FA) after being fined £8000 (€8,995) for breaking betting rules while holding the position of director of Salford City.
Scholes was alleged to have placed a total of 140 bets on games between August 17, 2015, and January 12, 2019. He wagered a total of £26,159, making a net profit of £5,831. The FA said these included bets on the outcome of United matches – at a time when his former teammates and fellow Salford investors Ryan Giggs and Nicky Butt were working there – and one involving Valencia CF when they were coached by Scholes’ friends and fellow Salford investors Gary and Phil Neville.
FA rules strictly prohibit anyone involved with a football club in England from placing bets on football matches around the world.
In January of this year, Paddy Power Betfair alerted to the FA that Scholes had potentially broken its rules on betting and shared his account details with the national governing body. Bet365 also shared information on Scholes’ account.
“I accept [the] ruling. I would like to apologise and I understand and fully accept the fine imposed by the FA,” said Scholes in a statement following FA’s decision.
“It was a genuine mistake and was not done with any deliberate intention to flout the rules. I wrongly believed that as long as there was no personal connection between me and any of the matches that I bet upon then there would be no issue. However, I understand now that this is not the case and I should have taken steps to verify this at the time,” he added.Follow us on