Manchester United: Elon Musk linked with interest in the purchase of the biggest club in England - Simply Entertainment Reports and Trending Stories

Breaking

Tuesday, February 14, 2023

Manchester United: Elon Musk linked with interest in the purchase of the biggest club in England

Image: The Sun

As Manchester United has been put up for sale, there are many interested parties in acquiring the EPL Giant. Among the parties include Tech Billionaire and Owner of Tesla, Elon Musk. While they prepare to make a formal bid as the deadline to make offers approaches, it will be an interesting time.

Based on news from Daily Mail, Mr. Musk is believed to be monitoring the situation closely and wondering if there is an opportunity at Old Trafford that he should take advantage of.

Last November, the Red Devils were put up for sale by their owners, the Glazer family, and formal bids must be submitted by Friday for The Raine Group, the bank overseeing the transaction, to assess.
Musk, the second richest man in the world, according to Forbes, has an enormous net worth of £157billion

United’s American owners reportedly wanted to sell between £6bn and £8bn, but according to reports, a bid up to £4.5bn could be enough to purchase the club.

If Musk decides to make a move at purchasing, he would be facing stiff competition from Saudi Arabian and Qatari investors as well as Britain’s richest man and the chief executive of INEOS, Sir Jim Ratcliffe, who announced in January that he is attempting to take control of the club he supports.

He later tweeted, “Although, if it were any team, it would be Man U. They were my fav team as a kid.” It is easy to believe.

Last month, according to the Guinness World Records, Musk broke the world record for the largest loss of personal fortune in history, with an approximate drop of £150bn since November.

That was largely due to the poor performance of Tesla stock. Regardless, with the Glazers looking for around £6bn and some valuing the club at around £4.5bn, the price of United is well within reach for the Twitter owner.

Anything worth £3.76bn would make United the most expensive sports team in the world.

Source: punchng.com

#Elon Musk
#Manchester United
#Glazer Family

No comments:

Post a Comment

Post Bottom Ad