Scholes in the clear to become Oldham's new manager

Paul Scholes

The Manchester United legend co-owns National League outfit Salford City along with five of his former Red Devils team-mates.

It states: "Except with the prior written consent of the (Football League) Board, no club may, either directly or indirectly, be involved in any capacity whatsoever in the management of administration of another football club".

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.

Salford are now second in the National League table, three points behind leaders Leyton Orient, and if they are promoted to the Football League for the first time they could be in direct competition with Sky Bet League Two side Oldham next season.

The Mirror says he has been given the green light to take over at Boundary Park following an English Football League meeting.

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

Oldham now sit 15th in League 2 and face a trip to Crawley Town this weekend.

Ryan Giggs, who is now Wales boss, was the first when he was appointed caretaker manager at United following the sacking of David Moyes in 2014, before Gary Neville's first and only role came during a four-month stint at Valencia in 2015-16.

Wild has taken charge of the Latics' last eight matches since Frankie Bunn was sacked after the 6-0 thrashing away to Carlisle on Boxing Day.

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