Gary Neville defends spending millions on Salford City despite club losing £91k per week

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Gary Neville, one of the co-owners of League Two side Salford City, has defended the club's spending policy in the wake of criticism.

Last month it was revealed that the club's parent company, Project 92 Limited, lost more than £4.7m last year - equating to an average of £91,000 per week. Project 92 Ltd was formed by ex- United stars Neville, his brother Phil, Ryan Giggs, Paul Scholes, David Beckham and Nicky Butt. Each of the six former players, together with Singaporean business magnate Peter Lim, own the League Two club.

Speaking to Sky Sports live before today's game at home to Mansfield Town, Neville said: "We've invested enormous amounts of money in the last seven or eight years. But it's all myself, David, Ryan, Paul, Nicky, Phil and Peter.

"Peter owns 50 per cent, we own 50 per cent. We've put lots of money in ourselves. We've chosen to do that. I'm not against owner funding. We put it in at the start of the season. The club is obviously robust in that sense.

"We only spend the money that we have. It is a lot of money to lose but we've come up from step eight and had to spend millions and millions of pounds on this stadium. And we knew that was going to happen at the very beginning. We do one day long for sustainability at the club.

"But we're trying to build a