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  1. ITV Report

Paul Scholes fined by FA for breaching betting rules

Credit: PA Images

Paul Scholes has been fined £8,000 by the Football Association after accepting a charge of breaching betting rules.

The former Manchester United midfielder insists he made a "genuine mistake" while co-owner of Salford.

I accept last week's ruling. I would like to apologise and I understand and fully accept the fine imposed by the FA.

It was a genuine mistake and was not done with any deliberate intention to flout the rules.

I wrongly believed that as long as there was no personal connection between me and any of the matches that I bet upon then there would be no issue.

However, I understand now that this is not the case and I should have taken steps to verify this at the time.

– Paul Scholes

Scholes was charged by the FA in April for placing 140 bets on matches between August 2015 and January this year.

He had quit as a Salford director two months earlier - albeit retaining his 10 per cent shareholding - in order to take over as manager of League Two club Oldham, where he lasted just 31 days before walking out.