Neville Neville bowed his head as the woman foreman delivered the verdict after the jury deliberated for just under 75 minutes.
He then breathed a sigh of relief and looked upwards before he mouthed "Thank you" in the direction of the jury.
After he was told he could leave the dock, he stepped out and hugged his legal team.
The father of former England footballers Gary and Phil Neville has been cleared of sexually assaulting a woman.
Neville Neville, 64, admitted he engaged in sexual activity with the middle-aged complainant in her car just 20 yards from his house but said it was consensual.
The woman told a jury at Bolton Crown Court that Neville drunkenly forced himself upon her.
The father of former footballers Gary and Phil Neville has appeared before magistrates charged with a sex assault. Neville Neville's case has been sent to Bolton Crown Court. His lawyer said Mr Neville "denies the allegation fully." Correspondent Ashley Derricott was at today's hearing.
Neville Neville, the father of footballers Gary and Phil, leaves Bury Magistrates Court having appeared charged with sexually assaulting a woman in March this year. Mr Neville, 63, confirmed his name, age and address before being granted bail to appear before Bolton Crown Court on July 1.
The father of Premier League and England footballers Gary and Phil Neville is due to appear at Bury and Rochdale Magistrates' Court charged with sexual assault.
Neville Neville, 63, is accused of sexually assaulting a 46-year-old woman in March.
The 63-year-old man thought to be Neville Neville was bailed until May pending further police enquiries.
Mr Neville's two sons Gary and Phil both played football for Manchester United and England while daughter Tracey played netball for England.
He is a former director of Bury Football Club, where wife Jill is still club secretary.
A man arrested on suspicion of indecent assault is believed to be Neville Neville, the father of former England footballers Gary and Phil, ITV News understands.
Police said they arrested a 63-year-old man after reports of an incident in Bury in the early hours of Saturday.