Gary Neville, Phil Neville, Ryan Giggs, Paul Scholes and Nicky Butt have exchanged on a deal to acquire Salford City Football Club.
Members of United's famous Class of '92 were in talks to buy the First Division North club and now, subject to Football Association and League approval, the deal has been agreed which is expected to be completed this summer.
In a statement, the five say that they grew up at United, have a great love of the club and remain fans.
Find out more on their love of the club here
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 hunger, enthusiasm, desire and spirit of football and I am very excited about this venture."
We know it will be tough but we will be committed to this from the start and have some very exciting plans going forward."
More top news
Fury serenades his opponent with full rendition of "Wind Beneath my Wings"
'Hairy Biker' Dave Myers has become an an Honorary Fellow of the University of Cumbria for his contribution to the media and culinary arts.
A summary of the key announcements from Chancellor George Osborne's Autumn Statement and Spending Review.