Gary and Phil Neville said they were "excited" about a deal to buy Northern Premier League side Salford City.
Former England right-back Gary 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."
Younger brother Phil added: "It is important to safeguard the hard work that is done in the lower leagues and it is going to be exciting to be able to feed our experience into the young players."
More top news
Search teams were again looking for missing airman Corrie McKeague - this time joined by cadaver dogs trained to seek out human remains.
Donald Trump has dismissed pictures showing a smaller turnout to his inauguration compared to Barack Obama's in 2009.
Severe storms have ripped through the southern American state of Georgia leaving at least 11 dead and thousands without power.