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Is Elon Musk really buying Manchester United?

Musk tweeted he was purchasing one of the worlds most well-known football clubs but offered no details.

Published On 17 Aug 2022

Elon Musk, the worlds richest person, tweeted he was buying English soccer team Manchester United Plc, without offering any details.

Musk includes a history to be unconventional and posting irreverent tweets. It had been not immediately clear whether he planned to pursue a deal to obtain Manchester United, probably the most famous names in world football but currently in crisis on the field amid angry calls from fans for an ownership change.

Im buying Manchester United ur [sic] welcome, Musk said in a tweet on Tuesday. The northern England-based team has a lot more than 32 million followers on its main Twitter account and Musks tweet had garnered 220,000 likes on the platform within two hours.

Musks post was a follow-on comment to a previous tweet: To be clear, I support the left 1 / 2 of the Republican Party and the proper 1 / 2 of the Democratic Party! Left half and right half are football lineup positions.

The comment by the principle executive of electric car giant Tesla comes as United, champions of England an archive 20 times, suffer a nightmare opening on the field to the 2022-2023 season.

Among the worlds most widely known & most widely supported teams, United are rooted in the bottom of the English Premier League after losing their first two games, having failed in the last 8 weeks to adequately rebuild a squad that performed comparatively poorly last season.

Its New York-listed shares have slid 24 percent during the last 12 months, valuing it at only a lot more than $2bn.

Manchester United is controlled by the American Glazer family. Neither the Florida-based family nor Musk immediately taken care of immediately requests for comment.

Clamour from fans and pundits for a big change of ownership at the three-time winners of the European Cup, probably the most prestigious club competition in the global game, is intensifying amid a lengthening run without winning major titles.

In its annual rankings this season, Forbes rated Manchester United, using its huge global fanbase, the 3rd most valuable soccer team on earth, worth $4.6bn, behind only Spanish giants Real Madrid and Barcelona.

British newspaper The Daily Mirror reported this past year that the Glazers, who’ve faced widespread fan opposition with their stewardship since acquiring the club in 2005 for 790 million pounds ($957m), were ready to sell but only when these were offered more than 4 billion pounds ($4.85bn).

Dissatisfaction among fans at the Glazerss perceived insufficient ambition to create in top players intensified following the club finished sixth in the English Premier League last season while crosstown rivals Manchester City won another successive title.

Controversial tweets

Musk includes a history of unconventional actions and comments, rendering it difficult sometimes to inform when he could be joking.

Next Im buying Coca-Cola to place the cocaine back, Musk tweeted on August 27, two days after Twitters board accepted his unsolicited offer announced on his Twitter feed to get the business. Musk happens to be attempting to exit a $44bn agreement to get the social media marketing company, which includes taken him to court.

Musks tweets about potential acquisitions have landed him in warm water with USA regulators previously.

In 2018, he tweeted that there is funding secured for a $72bn deal to take Tesla private, but didn’t move ahead having an offer. Musk and Tesla each paid $20m civil fines and Musk stepped down as Teslas chairman to solve US Securities and Exchange Commission (SEC) claims that Musk defrauded investors.

Musks ambitions range between colonising Mars to developing a new sustainable energy economy, and along the way he’s got built probably the most valuable car company on the planet, electric vehicle maker Tesla, rocket company SpaceX, and a slew of smaller firms. One is really a tunnel maker called the Boring Company.

Forbes estimates his fortune at $270bn.

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