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
Amir Khan has set his sights on a fight with Floyd Mayweather after claiming a unanimous points win over American Chris Algieri.
Mainly dry with some hazy sunshine. Feeling a little warmer, winds a little lighter
Clear spells and showers overnight. Drier and brighter and a little warmer on Saturday. Rain and wind into Sunday morning