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
What are our chances of seeing meteors in the sky tonight?
Settled, but for how long? Find out the latest here
Could you be a potential lifesaving match for someone with blood cancer? Find out how you can sign up on a stem cell donation register .