| Last updated
The Football Association has fined Paul Scholes £8,000 for breaching betting rules while a co-owner of Salford City.
The Manchester United legend, 44, was charged in April for placing 140 bets on matches between August 2015 and January 2019.
And the former Oldham Athletic boss was found guilty last week at a ruling and was issued the fine.
The former England midfielder stepped down from his duties as a Salford director when he took on the post at Oldham.
But he has come out to issue an apology after the ruling was handed down.
"I accept last week's ruling. I would like to apologise and I understand and fully accept the fine imposed by the FA," he said in a statement.
"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."
There are no suggestions that Scholes was involved in the
betting outcome of Salford matches.
And that also extends to any bets that were placed during the ex-United star's time as a manager at Oldham.
Scholes took charge of League Two side Oldham in February, but his time in the dugout would last only 31 days.
He would walk out from his position in March, saying that it had become "clear I would not be able to operate as I intended and was led to believe."
Club owner Abdallah Lemsagam said at the time that he "would like to place on record our thanks to Paul for his efforts during his spell in charge and would like to wish him well for the future."
Chosen for YouChosen for You
Most Read StoriesMost Read