Paul Scholes is set to be unveiled as the Oldham Athletic manager at a press conference on Monday at 14:00 GMT.
Scholes was cleared to take charge of the League Two club after an English Football League meeting on Friday.
The ex-England midfielder owns a 10% stake in National League club Salford City along with five former Manchester United team-mates.
However, a holding of 10% or less in a club is disregarded providing it is held “purely for investment purposes”.
EFL rules prevent a person holding roles with two clubs at the same time without the prior consent of the board.
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