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Elon Musk Is Now Going to Buy Manchester United

However, in a recent tweet, Musk claimed that he was joking about buying the football team

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Ishita Chakraborty
Ishita Chakraborty
Editor-in-Chief at Transcontinental Times, Computer Science Graduate, PG diploma in Journalism and Mass communication. Ishita is a youth activist for PETA India, President of Girlup IWO, and a linguaphile. She covers social issues, politics, UN initiatives, sports, and diversity.

UNITED STATES: Elon Musk, a prolific tweeter, announced in a thread joking about his political allegiances that he is purchasing the British football team Manchester United.

The world’s richest man and CEO of Tesla claimed in a tweet thread where he said he supports the right half of the Democrats and the left half of the Republican Party.

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Musk frequently uses Twitter to make jokes and taunt the media, who pay close attention to what he writes. In addition, the US Securities and Exchange Commission has taken issue with him, most notably for tweets he made in 2018 regarding taking Tesla private.

He has recently been under attention from regulators due to a tweet he made on May 17 about his $44 billion acquisition offer for Twitter. “Cannot proceed.” Following Musk’s withdrawal from the purchase last month, the business filed a lawsuit to force him to finish the transaction.

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However, in a recent tweet, Musk claimed that he was joking about buying the football team.

“No, this is a long-running joke on Twitter. I’m not buying any sports teams,” Musk said in a tweet.

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Given that Manchester United equities are listed on the New York Stock Exchange, the most recent tweets might also draw the attention of regulatory bodies. This year, the Class-A shares have decreased by 10%.

Forbes estimates $4.6 billion worth for Manchester United. A group led by Todd Boehly recently agreed to purchase Chelsea FC from sanctioned Russian oligarch Roman Abramovich for £4.25 billion ($5.1 billion), including future investments. This transaction marked the most recent sale of a Premier League powerhouse.

Manchester United’s performance

After a poor start to the season under new coach Erik ten Hag, Manchester United, who has won a record 13 Premier League titles, is currently last on the table. It lost both of its first two games, including a weekend loss to Brentford by a score of 4-0.

Fans have voiced their displeasure with the way the storied club has performed while being controlled by the Glazer family, who also own the NFL’s Tampa Bay Buccaneers.

Under famous manager Alex Ferguson, Manchester United won its last Premier League championship in the 2012–13 campaign. Since then, though, Manchester United has fallen behind crosstown rival Manchester City, who has taken home four of the last five championships

Meanwhile, if he can find a team willing to purchase him, star striker Cristiano Ronaldo will be permitted to depart Manchester United this summer.

Also Read: Twitter Sues Elon Musk to Force Him to Accept a $44 Billion Acquisition Offer

Author

  • Ishita Chakraborty

    Editor-in-Chief at Transcontinental Times, Computer Science Graduate, PG diploma in Journalism and Mass communication. Ishita is a youth activist for PETA India, President of Girlup IWO, and a linguaphile. She covers social issues, politics, UN initiatives, sports, and diversity.

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