Elon Musk claims in a tweet that he will buy Manchester United, before denying it

Billionaire Elon Musk, boss of Tesla and SpaceX, likes thundering announcements.
In a sibylline tweet on Tuesday evening, the wealthy entrepreneur, accustomed to unpredictable and provocative statements on the social network, said: “And I buy Manchester United (the English football club), nothing.”

Hours later, the world’s richest businessman deflated the matter in a tweet: it was actually a joke, and he has no intention of buying a team athletic at the moment.

The English club, listed on the New York Stock Exchange for ten years, has a market capitalization of 2.08 billion dollars (1.97 billion Swiss francs). The action which had closed stable on Tuesday at 12.78 dollars (12.13 Swiss francs, +0.08%) lost 2.11% in electronic trading after the close.

Read also: The crossing of the desert (in Rolls) of Manchester United

Last place in the English Championship

Although no shareholder holds a majority stake, Manchester United is controlled by the six children of American businessman Malcolm Glazer, who took over the company in 2005 before passing away in 2014.

The club’s management came under vehement protests from supporters in April last year when they wanted to take part in a breakaway European Super League project, eventually scrapped. The Red Devils wanted, with five other English clubs, three Spanish and three Italian, to create a rival European competition of the Champions League, an initiative which had provoked strong political and sporting protests, but also strong reactions from the supporters of the clubs concerned.

Severely corrected last Saturday in Brentford (4-0), Manchester United is currently in an unworthy last place in the English Championship after two defeats in two matches, far behind a successful leading duo, made up of Arsenal and Manchester City, convincing winners.

As for Elon Musk, he recently sold nearly $7 billion worth of shares in his car group Tesla, while he is in the midst of a legal battle over his failed takeover project of the social network Twitter.

Also read: The four lessons of the Elon Musk-Twitter fiasco

Leave a Comment