Elon Musk buying Manchester United

2022 - 8 - 17

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.

Elon Musk says he is buying Manchester United (Reuters)

Elon Musk, the world's richest person, on Tuesday tweeted that he was buying football club Manchester United Plc , without offering any details.

In 2018, he tweeted there was "funding secured" for a $72 billion deal to take Tesla private, but did not make an offer. the entire fan base is sick and tired of the Glazers." One is a tunnel maker called the Boring Company. Also, I'm buying Manchester United ur (sic) welcome - Elon Musk," the 51-year-old tweeted to his 103 million followers. listed shares ahead of the New York market open. Even so, Musk's musings ignited trading in the company's U.S. United won the last of their record 20 English league titles back in 2013. "They were my fav (sic) team as a kid." The Kolkata fans club added: "It again reinstated the fact that Elon and his tweets are just gimmicks. [(MANU.N)](https://www.reuters.com/companies/MANU.N) shares and fans on Wednesday by tweeting he was buying the English soccer club - only to say a little later it was all part of "a long-running joke". "To be clear, I support the left half of the Republican Party and the right half of the Democratic Party! Register now for FREE unlimited access to Reuters.com

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.

Elon Musk is not buying Manchester United. Tweet was a 'long ... (USA TODAY)

On Tuesday night, Elon Musk took to Twitter to share that he was "buying Manchester United." The Tesla CEO later clarified he was joking.

A trial is expected [in October](https://www.washingtonpost.com/technology/2022/07/29/elon-musk-twitter-trial-date/). The biggest club in England is also still reeling from its most recent [4-0 loss at Brentford](https://www.usatoday.com/story/sports/soccer/2022/08/15/ten-hag-discovering-the-mess-he-has-inherited-at-man-united/50601319/) on Saturday. [sued Musk](https://www.usatoday.com/story/tech/2022/07/12/twitter-sues-elon-musk-terminate-deal/10043111002/). Aside from joking about buying a Premier League club, Musk is staring down a court battle with Twitter. "Although, if it were any team, it would be Man U. But the possibility of Musk becoming United's next owner was short-lived.

Elon Musk Said He's Buying Manchester United. Here's Exactly ... (Slate Magazine)

Similarly, when someone muses about buying a publicly traded company because it pisses them off, they are probably not going to buy the company, which costs a ...

He becomes a hero to United fans (at least the males aged 18 to 34) for selflessly stepping aside for the good of the team. (Or they just pocket the proceeds and pump nothing into the club.) Musk keeps up the full-court press in public, and eventually he strikes up a deal to buy the whole boat for around that made-up $9 billion figure. It’s not entirely clear to me how a dalliance with Musk would lead to the cratering of United’s business and football operations, but somehow, it would happen. What happens if Musk tries to blow the United board out of the water with a huge offer, because he’s looking for things to do between now and his Twitter trial? Chants to the effect of “Die Glazer, die!” have [rained down at Old Trafford](https://www.bbc.com/news/business-32214981) before. [buy a share](https://ir.manutd.com/investor-faqs.aspx) in the club for a little less than $13. And it may work out just fine for Twitter, depending on [what happens in Delaware](https://slate.com/technology/2022/07/elon-musk-twitter-lawsuit-delaware-what-happens-next.html). [who do not understand Twitter](https://www.bloomberg.com/opinion/articles/2022-05-02/twitter-s-board-gave-up) and were missing out on a chance to make it something even more valuable, but whatever. Forbes [gives United a $4.6 billion valuation](https://www.forbes.com/sites/mikeozanian/2022/05/26/the-worlds-most-valuable-soccer-teams-2022-real-madrid-worth-51-billion-back-on-top/?sh=1c432f3d286b), only behind La Liga giants Real Madrid and Barcelona (which, by the way, has [issues](https://www.nytimes.com/2022/08/03/sports/soccer/barcelona-laporta-de-jong.html)). Musk’s attempt to weasel out of his $44 billion deal has [done predictably bad things to Twitter’s stock price](https://slate.com/business/2022/06/elon-musk-twitter-stock-deal-wall-street.html), and the will-he-or-won’t-he of it all [has tanked morale](https://www.wired.co.uk/article/as-elon-musk-walks-twitter-workers-say-no-ones-in-charge) inside this giant, publicly traded firm. Twitter’s lawyers have admitted how bad it is: “No public company of this size and scale has ever had to bear these uncertainties,” they have [quite reasonably complained](https://www.washingtonpost.com/technology/2022/07/18/twitter-legal-filing-musk/) to the Delaware court that will hear the case. [was not going to take Tesla private](https://www.reuters.com/business/autos-transportation/judge-rules-musks-tweets-over-taking-tesla-private-were-false-investors-say-2022-04-16/) and just as he is now in a legal fight to avoid making another purchase he [thought he wanted to make](https://slate.com/technology/2022/07/elon-musk-twitter-deal-peril.html) but [very much did not](https://slate.com/technology/2022/08/elon-musk-twitter-trial-financing.html).

Elon Musk sparks controversy again with tweet about buying ... (Globalnews.ca)

The Tesla CEO and richest man in the world tweeted Tuesday that he is buying the Manchester United soccer team, before later announcing that he was just ...

The latest low came Saturday when United lost 4-0 to Brentford, a small team from west London that was promoted to the Premier League in 2021. It feels like the culmination of a long-term direction of travel,” the fan club said in a statement. But since Ferguson’s retirement in 2013, the team has struggled to win trophies. Musk claimed that Twitter refused to provide accurate information about the number of fake accounts on the social media platform and backed out of the purchase. The case is set to The decision also led to Musk stepping down as Tesla’s chairman and the creation of a committee to oversee Musk’s future tweets.

Manchester United shares briefly pop 17% in premarket after Elon ... (CNBC)

Shares of the English soccer club Manchester United Plc briefly rose by as much as 17% in premarket trading on Wednesday.

Twitter is taking the billionaire to court over the dispute. Manchester United fans reacted surprised, yet hopeful, as many have criticized the current owners of the club, the American Glazer family. Manchester United shares, which are traded under the abbreviation MANU on the New York Stock Exchange, were up 3.68% in premarket trading as of 4:30 a.m. [tweeted](https://twitter.com/elonmusk/status/1519480761749016577?lang=en) that he would purchase Coca-Cola "to put the cocaine back in," a tweet he referred back to on Wednesday after clarifying that he would not buy Manchester United. They were my fav team as a kid." [Manchester United](//www.cnbc.com/quotes/MANU) briefly rose by as much as 17% in premarket trading Wednesday, after [Tesla](//www.cnbc.com/quotes/TSLA) CEO Elon Musk jokingly tweeted that he would buy the club.