Elon Musk Manchester United

2022 - 8 - 17

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Image courtesy of "CNN"

Elon Musk is not buying Manchester United - CNN (CNN)

The richest man on earth has once again created chaos and commotion on the internet with his tweets.

his $44 billion acquisition of the social platform. The nine-word tweet sent Tesla stock surging at the time, but the SEC then accused him of misleading investors. [terminate](https://www.cnn.com/2022/07/29/tech/twitter-elon-musk-trial-date/index.html) However, Musk's tweets about Tesla have landed him in hot water, multiple times, with the US Securities and Exchange Commission. The stock was still up about 3% in early trading Wednesday though. "No, this is a long-running joke on Twitter.

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Image courtesy of "Bloomberg"

Musk Tweets He's Buying Man United While Joking on Politics (Bloomberg)

Prolific tweeter Elon Musk said he is buying English football club Manchester United Plc. in a thread joking about his political allegiances.

When a [Tesla Inc.](/quote/TSLA:US) fan account asked whether Musk was serious, he replied no, he isn’t buying any sports teams. [world’s richest person](https://www.bloomberg.com/billionaires/) sent his [initial missive](https://twitter.com/elonmusk/status/1559691922725281800) about the storied club in a reply to an earlier post about his political allegiances. [Manchester United Plc](/quote/MANU:US), letting 4 1/2 hours go by before clarifying he was kidding about purchasing the English football club listed on the New York Stock Exchange.

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Image courtesy of "Daily Maverick"

Why Elon Musk actually should buy Manchester United (Daily Maverick)

You have to hand it to the British football commentators. Summing up the extraordinary game between Manchester United and Brentford – which the West London ...

The Internet of Things is improving the efficiency of the betting process. The website was around for ages, and was doing okay. Not too long ago, the US Supreme Court found that the federal ban on sports betting was illegal, and left it to the states to decide what to do. Over the past six years or so, US states have been considering the issue, and over a third have decided to permit sports betting – with a whole bunch about to change their laws. What about the tech? The analysis suggests it will rise further to $231-billion in 2022. When you are at the bottom, it seems like it’s impossible for things to get worse. You have to hand it to the British football commentators. Because football clubs are tightly held, the price discovery process is poor. I’m not buying any sports teams.” But, he said, if he was going to buy a club, it would be Manchester United, his favourite team from his boyhood. Not what you would call a dream start for the new Dutch manager, Erik ten Hag. But then Musk stuck the knife in just four hours later, denying that he intended to buy the club, saying “ …

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Image courtesy of "ABC News"

Why Elon Musk's tweet saying he was going to buy Manchester ... (ABC News)

Elon Musk was only joking when he said that he wanted to buy Manchester United. This is why so many United fans jumped on board so quickly.

"This is not about the money that has been spent or not spent. "A fish rots from the head. The move was a success. They also haven't won a Champions League title since 2007-08. In 1995, Glazer Sr looked at his ever-growing portfolio of big companies and said to himself, "Ya know what I don't have? "If the club is for sale, Jim is definitely a potential buyer," a spokesman told The Times. To make matters worse, in 2021, the family backed a move to join the The club was in debt for the first time since 1931, concerns were raised about where the money from a share float was going to go. A key player since the inception of the Premier League in the 1992-93 season, Manchester United won six of the first eight Premier League titles, and finished second in the other two seasons. Manchester United won five titles in the near-immediate aftermath of that heavily leveraged takeover — including three seasons in a row from 2006 to 2009. A major sports team", and thus pulled out his wallet and dropped a then-record $US192m on the counter to buy the Tampa Bay Buccaneers in the NFL. Manchester United are the most successful club in English football in terms of league titles won, with 20 top-flight titles to their name.

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Image courtesy of "Business Insider South Africa"

Manchester United stock rallies even as Elon Musk says tweet about ... (Business Insider South Africa)

After the Tesla chief's tweet, trading volume for shares of the sports club skyrocketed to more than double their daily average.

Wednesday, about 2.74% higher on the day. I'm not buying any sports teams." [tweet](https://twitter.com/elonmusk/status/1559769337912856576?s=20&t=n8ppEbGKl_ISBJOGWoWrKA), Musk said that if he were to buy a sports team, that Manchester United would be his pick.

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Image courtesy of "Independent Online"

Elon Musk's tweet about buying Manchester United no joke for fed ... (Independent Online)

London — Elon Musk, the world's richest person, briefly lifted the gloom over Manchester United's shares and fans on Wednesday by saying he was buying the ...

But the club's shares have slid a quarter in the past 12 months, valuing it at just over $2b. In 2018, he tweeted there was "funding secured" for a $72b deal to take Tesla private, but did not move ahead with an offer. "For ManU, it would mean unnecessary volatility and stress in the stock price. the entire fan base is sick and tired of the Glazers." Some of the club's fans had previously urged Musk on Twitter to consider buying the club, complaining at what they see as under-investment by the Glazers. Also, I'm buying Manchester United ur (sic) welcome — Elon Musk," the 51-year-old tweeted to his 103 million followers.

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Image courtesy of "Fortune"

Elon Musk reveals the one sports team he'd like to buy: Fallen ... (Fortune)

The Tesla CEO joked that he was buying the club on Twitter before clarifying he was a boyhood fan of the Premier League side currently run by despised ...

[just a tenth](https://www.mirror.co.uk/sport/football/news/glazers-man-utd-sell-protest-23975027) of what Musk was prepared to pay for the social media platform. [drained club coffers](https://www.thesun.co.uk/sport/19524314/glazers-man-utd-investment-decade/) to the tune of 1.1 billion pounds ($1.3 billion) in interest, dividends, and fees since taking control. [Goldman Sachs](https://fortune.com/company/goldman-sachs-group) banker Jim O’Neill dubbed the Red Knights sensed that the Glazers were not a safe pair of hands and attempted to wrest control of the club from the American family. He demanded the owners stop “hiding in Tampa” and address the problems: “Joe Glazer has got to get in a plane to Manchester tomorrow…and he’s got to tell everybody what the hell his plan is with the football club.” He inherited ownership from his father, Malcolm Glazer, who acquired United in a 2005 leveraged buyout that saddled the club with a mountain of debt, effectively forcing the club to pay for its own acquisition. Polarizing centibillionaire Elon Musk briefly sent the hearts of Manchester United fans racing the world over on Tuesday, claiming he was poised to wrestle control of the club out of the clutches of its hated current owners.

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