Paul Scholes bet on Gary Neville’s Valencia to beat Barcelona. Valencia lost 7-0

Paul Scholes fined for breaching FA betting rules

Manchester United icon Paul Scholes has been charged by the FA on Wednesday for breaching betting rules.

Scholes’ last job in football was a short stint as the Oldham manager last season.

Scholes only held that position for 31 days before he resigned.

Returning to his FA charge, Scholes breached FA guidelines after he placed 140 football bets.

Those bets were made over a four-year period which ended in January 2019.

Scholes pleaded guilty to the charges, and he’s been fined 8,000 pounds.

What Paul Scholes said

As reported by the BBC, Scholes has issued the following statement regarding his FA charge:

I would like to apologise and I understand and fully accept the fine imposed by the FA.

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.

Barcelona 7 – Valencia 0

Perhaps the most interesting aspect of the Scholes – betting story is the actual bets made by the ex-pro.

In their written reasons pertaining to why Scholes was charged, the FA revealed the following.

Firstly, Scholes placed eight bets on former club Manchester United while Ryan Giggs and Nicky Butt were employed by the club.

Secondly, Scholes, who is a part-owner in Salford City, placed eight bets on FA Cup ties. However, all of those bets were made after Salford City had been knocked out of the competition.

Thirdly, Scholes backed Valencia to beat Barcelona during Gary and Phil Neville’s time at the Mestalla.

On that final bet, Scholes could hardly have made a worse prediction.

Memorably, Barcelona beat Valencia 7-0 on that occasion.

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