Elon Musk Posts On Twitter That He Is "buying Manchester United"

Elon Musk posts on twitter that he is "buying Manchester United" however, it was unclear whether the eccentric billionaire, who is now facing legal action over his attempt to acquire Twitter, was sincere.

The 51-year-old CEO of Tesla and SpaceX, who enjoys making inflammatory comments on social media, replied to a previous tweet about backing both of America's main political parties with: "Also, I'm purchasing Manchester United yer welcome."

The six offspring of the late American billionaire Malcolm Glazer, who acquired a controlling interest in the team in 2005, are presently in charge of Manchester United, a renowned English football club.

Shares of the club traded on the New York Stock Exchange finished Tuesday unchanged and had a market value of $2.1 billion.

The Tampa Bay Buccaneers are a Florida-based NFL team that are also owned by the Glazer family.

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The club's owners and management did not respond to Musk's post right away.

Fans of Manchester United have opposed the organization's administration over the team's recent underwhelming results as well as its participation in a scheme to establish a new "Super League" of Europe's wealthiest clubs.

Despite a shaky start to the current campaign, the Red Devils finished sixth in the English Premier League last year.

Manchester United is presently last in the standings after suffering two consecutive defeats, including a shocking 0-4 setback last weekend against Brentford.

This is the first time they have finished last in the list in thirty years.

Before United's next match at home against Liverpool on August 22, further demonstrations against the Glazer family's ownership of the team are expected.

Controversial Jokester

The tweets are hardly Musk's first encounter with controversy.

Only four months after stating on the platform that he would acquire the social media business, the entrepreneur is now attempting to get out of a $44 billion deal to buy Twitter, which has sued him.

Given Musk's unconventionality and irreverence in the past, it may be difficult to determine whether he is kidding.

He tweeted on April 27, two days after Twitter's board approved his unsolicited bid to purchase the firm, "Next I'm purchasing Coca-Cola to put the cocaine back in."

In the past, Musk has run into trouble with American authorities due to his tweets about prospective acquisitions.

He did not make a bid, despite tweeting that "financing secured" for a $72 billion plan to take Tesla private.

The U.S. Securities and Exchange Commission (SEC) had accused Musk of defrauding investors, and Musk and Tesla each paid $20 million in civil penalties and Musk resigned as chairman of Tesla in order to settle the matter.

Regarding Musk's most recent comments, the SEC chose not to respond.

Musk's goals include colonizing Mars and developing a new sustainable energy economy.

In the process, he has developed Tesla, the most valuable automotive company in the world, SpaceX, a number of smaller businesses, and other large corporations.

The Boring Company is one company that constructs tunnels.

Large-Scale Opposition

Fans have been increasingly calling for a change in ownership at United, the three-time champions of the European Cup, the most illustrious club tournament in the world of soccer.

The Glazers, who bought the club in 2005 for 790 million pounds ($957 million), were reportedly willing to sell but only if they were paid over 4 billion pounds, according to the British publication The Daily Mirror.

However, the Glazers have not indicated that they would be interested in selling.

Longtime supporter and British millionaire Jim Ratcliffe, who is from the Manchester region, has been mentioned as a prospective purchase.

The chairman's representative at the chemical company INEOS refused to comment.

Before the Saudi PIF investment group acquired another Premier League team, Newcastle United, there were unverified claims of Saudi interest in United.

The Glazers seldom discuss their ownership of the club in the media, however in May 2021, Joel Glazer published an open letter to the team's supporters in response to harsh criticism for his role in a failed European Super League scheme.

"I want to reassure you that my family and I have a strong feeling of obligation to safeguard and strengthen Manchester United's strength for the long term while upholding its values and traditions", he added.

With its enormous worldwide fan base, Forbes ranked United as the third most valuable soccer team in the world this year, valued at $4.6 billion, behind only Spain's Real Madrid and Barcelona.

But in the last year, the club's stock price has dropped by a fourth, putting it at just over $2 billion.

Conclusion

The world's wealthiest man, Elon Musk, recently sold shares of Tesla for about $7 billion, and he is now engaged in a protracted legal dispute in the US state of Delaware over his failed attempt to acquire Twitter.