Former Manchester United midfielder Paul Scholes has been handed an £8,000 fine by the Football Association (FA) after admitting to breaching betting rules.
Scholes was charged in April in respect to 140 bets placed on football matches between August 2015 and January 2019.
An FA statement confirmed: “An Independent Regulatory Commission has fined Paul Scholes £8,000 and warned him as to his future conduct after he admitted an FA misconduct charge in relation to betting.”
In its written findings, the FA stated that “as an experienced former professional player and then a director of a football club [Scholes] ought to have acquainted himself with the rules and adhered to them”.
The FA added: “The Commission accepted the undisputed evidence that [Scholes] had placed the bets in circumstances where he was unaware of the rules. He did so to enhance his enjoyment and interest in the matches and did not deploy any special knowledge.”
Alongside former United team-mates Gary Neville, Phil Neville, Ryan Giggs, Nicky Butt and David Beckham, Scholes owns a stake in Salford, who were promoted to the Football League for the first time in their history last season.
Scholes must also pay £1,800 towards the costs of the hearing.