Man Utd legend fined £8,000 for breaching gambling ban rules

Former England and Manchester United footballer Paul Scholes has received a fine of £8,000 from the English Football Association (FA) for violating gambling rules at the time he was a co-owner of Salford City F.C.

In an official statement released on 19 June, Scholes shared that he accepted the FA ruling and apologised for his wrongdoings. He added that he fully accepted the fine which the FA decided to impose on him, saying that he had not had any intention to violate the gambling rules.

The former midfielder faced allegations of participating in gambling operations. According to the charge, Scholes placed 140 bets worth £26,159 on football matches in the period from 17 August 2015 to 12 January 2019. At the time, he was co-owner of Salford City, who were competing in the National League prior to their promotion to League Two this May. The net profit generated by scholes over the two-and-a-half year period amounted to £5,831.

As investigation results showed, none of the bets were related in any way to Salford City. However, Scholes was found to have placed wagers on football matches involving Valencia and Manchester United at a time when his former associates were working at the two clubs.

As explained in his statement, Scholes had wrongly believed that there would have not been any problem with placing bets on football as long as there had been no personal connection between him and any of the matches.

Bookmakers Paddy Power and Bet365 informed the FA of his betting history. According to the findings, the former England international had placed a total of eight bets on Manchester United at a time when his Salford City colleagues Nicky Butt and Ryan Giggs were working for the Red Devils. Scholes also placed a bet on Valencia at a time when Gary Neville was working as the club’s head coach, and Phil Neville being an assistant.

The FA imposed stricter rules on gambling in 2013, effectively banning any individuals involved in football from placing bets on the game, no matter if they are placing money on their club’s or any other club’s matches

Author: Casino Rulz