Scholes sorry after FA fine
Paul Scholes has issued an apology after being fined £8,000 by the English Football Association for breaching betting rules while co-owner of Salford City.
The former Manchester United and England midfielder was charged by the FA in April for placing 140 bets on matches between August 2015 and January this year worth more than £26,000.
He was found guilty by an independent regulatory commission last Thursday, when he was fined, told to pay £1,800 towards the cost of the hearing and warned about his future conduct.
In the FA's written reasons, it was revealed that bookmaker Paddy Power - for whom Scholes had worked as a tipster during the 2014 World Cup finals - had blown the whistle on the 44-year-old by sharing his account activity with the FA.
Eight bets involved his former club United, where his friends and Salford co-owners Ryan Giggs and Nicky Butt were working at the time.
One bet was also placed on Valencia beating Barcelona at a time when Gary and Phil Neville - his Salford associates and former United team-mates - were working for Valencia.
Another eight bets involved FA Cup matches and were made after Salford had been knocked out of the competition.
Scholes made a net profit of £5,831 on bets totalling £26,159.
In a statement yesterday, Scholes said: "I accept last week's ruling. I would like to apologise and I understand and fully accept the fine. It was a genuine mistake and was not done with any deliberate intention to flout the rules." (© Daily Telegraph, London)