Paul Scholes set to be named Oldham United new manager

Former Manchester United and England footballer Paul Scholes attends 433 Token promotional event

Former Manchester United and England footballer Paul Scholes attends 433 Token promotional event

The English Football League have given Oldham clearance to appoint Paul Scholes to be the new boss at Boundary Park.

Scholes has a 10 per cent stake at Salford City, who now play in the National League, but are fighting for for promotion to League Two.

The 44-year-old is one of the owners of National League club Salford City along with five of his former Red Devils team-mates.

If Salford are promoted this season into the football league from the National League, as they look likely to do, they would be direct competition with Oldham, with Scholes being compromised in the event.

Scholes has previously spoken of his desire to enter into management, his only professional experience coming as part of Ryan Giggs' backroom team in 2014.

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However, according to the BBC, holding a 10% or lesser stake in a club "purely for investment purposes" allows Scholes to pursue employment at Oldham Athletic without issue.

He has most recently been working as a television pundit for BT Sport.

However, owner Abdallah Lemsagam moved to appoint a full time manager and will turn to Oldham-born Scholes on a full-time basis - his first game in charge will be Yeovil at home next Tuesday with Wild likely to be caretaker-manager for Saturday's clash at Crawley.

The Manchester United legend will become the permanent successor the Frankie Bunn, who was sacked by the Latics after less than six months in charge.

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