FA Fines Scholes Over Betting Breaches
Paul Scholes has been fined £8,000 by the Football Association (FA) after admitting to breaching betting rules.
Former Manchester United and England star Scholes was charged in April in respect to 140 bets placed on football matches between August 2015 and January 2019.
Scholes’ brief tenure as manager of League Two club Oldham Athletic began in February this year but he fell foul of FA regulations because the bets in question took place when he was a director of Salford City.
Alongside former United team-mates Gary Neville, Phil Neville, Ryan Giggs, Nicky Butt and David Beckham, Scholes owns a stake in Salford, who were promoted to the Football League for the first time in their history last season.
Eight of Scholes’ bets were placed on FA Cup matches, although all were made at stages after Salford had been eliminated from the competition.