Paul Scholes insists he made a “genuine mistake” in breaching Football Association betting rules as co-owner and director at Salford.
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The 44-year-old has been fined £8,000 and warned about his future conduct after admitting the charge at a regulatory commission hearing, which found the former Manchester United midfielder “had not acquainted himself with the rules”.
“I accept last week’s ruling. I would like to apologise and I understand and fully accept the fine imposed by the FA,” the ex-England international 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.”
Scholes was charged by the FA in April for placing 140 bets on matches between August 2015 and January this year.
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