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David Beckham joins Manchester United's Class of 92 as investor in Salford City

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Beckham joins Class of 92 teammates at Salford City (1:35)

Class of 92 teammates welcome David Beckham as part-owner of Salford City. (1:35)

David Beckham has become the latest former Manchester United player to invest in Salford City, taking a 10 percent stake in the club alongside Ryan Giggs, Paul Scholes, Nicky Butt and the Neville brothers.

Salford, third in the National League, are one step away from the Football League after winning three promotions in four years since being taken over by the Class of 92 and Singapore businessman Peter Lim in 2014.

And former England captain Beckham has been confirmed as a part-owner, which sees the Class of 92 -- Beckham, Giggs, Scholes, Butt and the Nevilles -- own a controlling 60 percent stake in the club. Beckham is also joint-owner of Inter Miami CF, who will play in Major League Soccer in 2020.

"It's a proud moment for me to join Peter Lim and the Class of 92 lads as an owner of Salford City FC," Beckham said.

"It's a really special club and a special group of people. My early years in Manchester were all spent in Salford. I grew up there in many ways, so to be able to finally join the lads and the club today is a great feeling.

"Salford City has achieved so much success in a short space of time. The fans are incredible and I'm really excited to be spending more time in Salford again."

Beckham's acquisition is subject to Football Association approval and regulations, which are understood to be a formality.

And in a joint statement, the Class of 92 members admitted they have always been determined to have Beckham on board as a co-owner.

"From the very beginning, we wanted David to be involved and be with us on this incredible journey," the Class of 92 group said. "However, circumstances and commitments didn't allow that.

"Now the time is right and is another exciting time in Salford City's history. We grew up in Salford, carved our careers here and that's why we are doing what we are doing at Salford City.

"We have grown to love this club and the fans and we would like to welcome David to the club and to becoming part of the Salford City family."