The richest man in the world, Elon Musk, announced in a tweet that he was purchasing English football team Manchester United Plc.
But in his most recent tweet, Elon maintained he was only joking and that he has no intention of purchasing any sports team. No, this has been a running joke on Twitter for quite some time, he tweeted. I won’t be buying any sports teams at this time.
Musk is known for being unusual and sending out witty tweets. It was unclear at first whether he intended to pursue a proposal to buy Manchester United, one of the most recognizable names in football that is currently experiencing on-field problems and heated fan demands for a change in ownership.
Musk tweeted on Tuesday, “I’m buying Manchester United ur [sic] welcome.” The team’s main Twitter account has more than 32 million followers, and Musk’s tweet received 220,000 “likes” in just two hours. The team is based in northern England.
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. Football lineup positions include the left half and right half.
The CEO of electric vehicle company Tesla made the remark when United, who have won the English championship a record 20 times, had a disastrous start to the 2022–2023 season on the field.
United, one of the most well-known and popular teams in the world, is rooted at the bottom of the English Premier League after dropping their first two games. Over the past two months, the team has struggled to adequately rebuild a group that did relatively poorly last season.
In the past year, the value of its New York-listed shares has dropped by 24 percent, putting it at just over $2 billion.
The American Glazer family owns Manchester United. Requests for comment were not immediately answered by either the Florida-based family or Musk.
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 to win major championships grows longer.
This year, Forbes ranked Real Madrid and Barcelona as the top two most valuable football clubs in the world, with Manchester United coming in third with a value of $4.6 billion.
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The Glazers, who have encountered strong fan resistance to their management since purchasing 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 ($4.85 billion).
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.
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.” Currently in court, Musk is attempting to back out of a $44 billion deal to acquire the social networking business.
In the past, regulators in the United States have taken issue with Musk because of his tweets about prospective 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.