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After Musk jokes about buying Manchester United (MANU), Glazer family could be available to partial sale

  • Manchester Unitedstock spiked after-hours as Elon Musk tweeted about purchasing the company.
  • MANU stock is closely held by the Glazer family.
  • Manchester United stock is down 25% year up to now.

UPDATE: Individuals near to the Glazer family said they might most probably to selling a bit of Manchester United, in accordance with Bloomberg. “The owners have held some preliminary discussions concerning the possibility of attracting a fresh investor”, this article reads, adding that the household is not prepared to cede control of the team. MANU stock is up 2.7% to $13.13 in early Wednesday trading after zooming as high as $13.75. The insiders who spoke with Bloomberg said the team was regarded as worth near $6 billion. That is nearly 3 x the current currency markets value of $2.14 billion. Over 1,500 call contracts for the $14 strike price expiring this Friday, August 19, have traded early Wednesday. The final price was $0.22 per share.

Manchester United (MANU) stock was making news following the close yesterday evening after Elon Musk tweeted about purchasing the club. Likely a tale, and he even said so, but that didn’t stop shares in MANU from spiking higher in after-hours trading. MANU had closed the standard session at $12.78 for little change on your day, but itspiked by about 3% because the “joke” began circulating.

Also read:Tesla Stock Deep Dive: Price target at $400 on China headwinds, margin compression, lower deliveries

MANU stock news

Also, Im buying Manchester United ur welcome

Elon Musk (@elonmusk) August 17, 2022

No, it is a long-running joke on Twitter. Im not buying any sports teams.

Elon Musk (@elonmusk) August 17, 2022

Although, if it were any team, it could be Man U. These were my fav team as a youngster.

Elon Musk (@elonmusk) August 17, 2022

There you own it. This is the main news really. Elon Musk is nothing or even eventful, and he does may actually love Twitter. He certainly loves to liven things through to the social media marketing site, as soon as again this tweet got the work done.

MANU stock continues to be higher today in the pre-market, up by about 2.5%. The stock is trending heavily over the usual social media marketing sites. The other day it had been reported in the Manchester Evening News a consortium had been drawn up to bid for the club, that is owned by the Glazer family. Michael Knighton is behind the coming bid.

This might be welcome news for some fans who’ve been searching for a change of ownership. MANU stock performance has been as poor as their on-pitch performances, and already the brand new season with a fresh managerin charge has started poorly. The Red Devils lost 4-0 to underdog Brentford on August 13. Fans have become disillusioned with what sort of club is run, and someare searching for a change.

MANU stock forecast

Forecasting Elon Musk is really a fraught game, however in our view, we take the later tweets at face value, also it was likely a tale. That leaves another report of a consortium. Remember that the club isn’t on the market with a reported 69% of shares being in the hands of the Glazer family. It really is unlikely they might desire to sell the club, considering that itremains probably the most recognizable sports franchises on earth.

American readers might not be as familiar, but given the massive global reach of soccer, especially in Europe and Asia, the club remains an enormous billion dollar business.

Revenues will need popular from the continued insufficient lucrative Champions League football, but for Q3 MANU earned 153 million in revenue.

MANU stock price chart

MANU stock, daily

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