Elon Musk tweets ‘I’m buying Manchester United’


Aug 16 (Reuters) – Elon Musk, the world’s richest person, tweeted on Tuesday that he was buying English soccer club Manchester United Plc (MANU.N), without providing any details.

Musk has a habit of being unconventional and posting irreverent tweets. It was not immediately clear whether he planned to strike a deal to acquire Manchester United, one of the most famous names in world football but currently in crisis on the pitch amid angry calls from fans for a change of owner.

“I buy Manchester United ur (sic) welcome,” Musk said in a tweet. The North of England-based team have over 32 million followers on their main Twitter account and Musk’s tweet garnered 220,000 likes on the platform in two hours.

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Musk’s message followed an earlier tweet: “To be clear, I support the left half of the Republican Party and the right half of the Democratic Party!” The left half and the right half are football alignment positions.

The comment from the chief executive of electric car giant Tesla (TLSA.O) comes as 20-time English champions United suffer an opening nightmare on the pitch for the 2022-23 season.

One of the best-known and most-supported sides in the world, United are entrenched at the bottom of the English Premier League after losing their opening two games, having failed in the summer to adequately rebuild a side that have performed relatively poorly. last season.

Its New York-listed shares have slid 24% in the past 12 months, valuing it at just over $2 billion.

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

The clamor from fans and pundits for a change of ownership at the three-time winners of the European Cup, the most prestigious club competition in the world game, is intensifying amid a lengthening race without winning major titles.

In its annual rankings this year, Forbes ranked Manchester United, with its huge global fanbase, the world’s third most valuable football club, worth $4.6 billion, behind the Spanish giants alone. of Real Madrid and Barcelona.

Britain’s The Daily Mirror newspaper reported last year that the Glazers, who have faced widespread fan opposition to their management since acquiring the club in 2005 for 790 million pounds ($957 million), were ready to sell, but only if they were offered at more than 4 billion pounds.

Fan dissatisfaction with the Glazers’ perceived lack of ambition to bring in top players has intensified after the club finished sixth in the English Premier League last season – while Crosstown rivals Manchester City have won a second consecutive title.

Musk has a history of unconventional actions and comments, which sometimes makes it hard to tell when he’s joking.

“Then I’m buying Coca-Cola to put cocaine back in,” Musk tweeted Aug. 27, two days after Twitter’s board accepted his unsolicited offer — advertised on Twitter. his Twitter feed – to buy the company. Musk is currently trying to get out of a $44 billion deal to buy the social media company, which has sued him

Musk’s tweets about potential acquisitions have gotten him in hot water with US regulators in the past.

In 2018, he tweeted that there was “secured funding” for a $72 billion deal to take Tesla private, but didn’t move forward with an offer. Musk and Tesla each paid civil fines of $20 million – and Musk resigned as Tesla chairman – to resolve US Securities and Exchange Commission (SEC) allegations that Musk defrauded investors .

Musk’s ambitions range from colonizing Mars to creating a new sustainable energy economy, and in the process he’s built the world’s most valuable auto company, electric vehicle maker Tesla, rocket company SpaceX and a host of small businesses. One is a tunnel maker called the Boring Company.

Forbes estimates his fortune at $270 billion.

($1 = 0.8258 pounds)

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Reporting by Juby Babu in Bengaluru; Written by Peter Henderson and Michael Perry; Editing by Aditya Soni, Neil Fullick and Kenneth Maxwell

Our standards: The Thomson Reuters Trust Principles.

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