Five of Manchester United's most successful homegrown players have agreed a deal to buy non-league Salford City FC.
United player-coach Ryan Giggs and four of his former Old Trafford team-mates - Paul Scholes, Nicky Butt, Gary Neville and Phil Neville - are set to become joint owners of the club this summer, pending FA approval of the deal.
ITV News sports correspondent Ian Payne reports:
Salford City are currently 11th in the Evo-Stick Northern Premier League Division One - the eighth tier of English football.
However, the club's illustrious prospective owners plan to help the club bring through local young players and develop grassroots football in the area.
We want to engage the football community, use our football experience and knowledge to aspire and nurture young talent.
Following earlier rumours in the media that Scholes would be appointed as the club's manager, Gary Neville said the investors had no plans to change the club's name, ground or management.
The former England right-back said:
I had my first trial for Manchester United in Salford at age 11 and I will never forget how important that was to me.
Salford City FC to me represents those early years, the commitment, hunger, enthusiasm, desire and spirit of football and I am very excited about this venture.
All five players are known as members of Man Utd 'Class of 92', a reference to the club's FA Youth Cup win of that year.
David Beckham is the sixth member of the group, who all went on to have hugely successful careers in United's first team.