The FA has fined former England and Manchester United midfielder Paul Scholes £8,000 for betting misconduct breaches and further warning the football figurehead of his future conduct.
The association has completed its investigation into 140 bets, wagered on football matches between 7 August 2015 to 12 January 2019, assessing whether Scholes breached its FA E8 Rule.
FA E8 rules on betting conduct, prohibit FA registered athletes, match officials, club management, stewards and representatives from wagering directly-or-indirectly on football matches of any level.
At the time of the investigation, Paul Scholes was registered as a club management official, having been a co-owner of Salford FC, with former Manchester United players Nicky Butt, Ryan Giggs, Gary and Phil Neville.
In its update, the FA underlines that it has found no evidence that Scholes was in a position to influence any of the matches he wagered on.
UK media has disclosed that Scholes placed a total of £26,000 of football bets, making an overall profit of £6,000.
Paul Scholes issued the following statement in relation to the FA’s fine:
“I would like to apologise and I understand and fully accept the fine imposed by the FA. This 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.