The richest man in the world, Elon Musk, announced in a tweet on Tuesday that he was purchasing English soccer team Manchester United Plc.
Musk then clarified that it was a “long-running joke” on Twitter. And that he was not purchasing any sports franchises in response to another comment.
Only four months after declaring he would purchase Twitter. Musk is now attempting to back out of a $44 billion deal, which has led him to file a lawsuit.
One of the most well-known soccer clubs in the world, Manchester United, is currently experiencing on-field problems as a result of fans’ irate demands that the American Glazer family, the club’s current owners, leave.
Musk’s opening tweet read, “I’m buying Manchester United ur (sic) welcome.”
Musk’s tweet received roughly 320,000 “likes” within three hours on Twitter. Where the squad from northern England has more than 32 million followers.
To be clear, I support the left half of the Republican Party and the right half of the Democratic Party, Musk wrote in a subsequent tweet. In a soccer lineup, the left and right halves are the positions.
Previously, some irate United supporters have asked Musk to think about purchasing the team rather than Twitter. Early on Tuesday, some people mockingly likened Musk’s most recent post to his attempt to take over Twitter or appeared to think it was just a prank, while others expressed hope that it was real.
DavidQ1987, a user, commented, “If Elon saves us from the Glazers, I’ll buy a Tesla in his honor!”
Tweeted CrkNFT, “Like purchasing, buying? similar to how you acquired Twitter? I suppose Manchester United supporters would be content either way.
Nightmare
Musk, whose estimated net worth is $270 billion. He can surely afford to purchase the New York-listed soccer team, whose shares have fallen by a quarter over the previous year, valuing it at just over $2 billion. The stock has recovered over the last month, rising 16% on Tuesday to close at $12.78.
According to documents filed last week, Musk sold $6.9 billion worth of Tesla stock. Which he claimed would be used to fund a prospective Twitter acquisition should his legal dispute with the social media giant be unsuccessful.
In less than a year, Musk has sold approximately $32 billion worth of Tesla stock. Primarily to pay taxes and fund a transaction with Twitter.
Reuters contacted Musk and his attorney for comment, but neither party responded right away.
Significant opposition
Fans and analysts are increasingly calling for a change in ownership at the three-time champions of the European Cup. The most prestigious club competition in the world of soccer, as their streak of failure, grows longer.
This year, Forbes ranked Real Madrid and Barcelona as the top two most valuable football clubs in the world. While Manchester United comes in third with a value of $4.6 billion.
The Glazers, who have faced widespread fan opposition to their management since buying the club in 2005 for 790 million pounds ($957 million), were reportedly willing to sell. But only if they were offered more than 4 billion pounds, according to a report in the British newspaper The Daily Mirror last year.
After the team finished sixth in the English Premier League last season.While crosstown rivals Manchester City won a second consecutive championship. Fan discontent with the Glazers’ apparent lack of ambition to sign elite players increased.
Given Musk’s history of outlandish behaviors and statements, it can be challenging to determine when he is joking.
Elon Musk Manchester United
On August 27, two days after Twitter’s board accepted his unsolicited offer to purchase the firm. Musk tweeted, “Next I’m purchasing Coca-Cola to put the cocaine back in.”
In the past, US regulators have taken issue with Musk’s tweets regarding potential acquisitions.
He tweeted in 2018 that a $72 billion proposal to take Tesla, private, had “financing secured,” but he never made an offer. In order to settle US Securities and Exchange Commission (SEC) allegations that Musk deceived investors. Musk and Tesla each paid $20 million in civil fines, and Musk resigned as chairman of Tesla.
A request for comment on Musk’s tweet about acquiring another US-listed firm was not immediately answered by the SEC.
In the process of building the most valuable automobile company in the world. Electric vehicle manufacturer Tesla, rocket company SpaceX, and a plethora of smaller businesses, Musk’s objectives range from colonizing Mars to developing a new sustainable energy economy. The Boring Company is one company that constructs tunnels.
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