Soccer. Elon Musk says he plans to buy Manchester United, then admits it’s a ‘joke’

“It’s a joke”: billionaire Elon Musk, boss of Tesla and SpaceX, denied on the night of Tuesday to Wednesday wanting to buy the English club Manchester United, a few hours after a first tweet went viral in which he made from such an intention.

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In it, Musk, accustomed to unpredictable and provocative statements on Twitter, said: “And I’m buying Manchester United, you’re welcome”. “I have not planned to buy any sports club, corrected the wealthy South African entrepreneur, after his initial tweet had aroused in a few hours nearly 500,000 “likes” on the social network.

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Questioned by AFP, neither Tesla nor the management of the English club, controlled by the Glazer family, had responded immediately to this first tweet. “ManU”, listed on the New York Stock Exchange for ten years, has a market capitalization of 2.08 billion dollars. The action which had closed stable Tuesday at 12.78 dollars (+0.08%) lost 2.11% in electronic trading after the close.

“Man U” in the midst of a crisis

Although no shareholder holds a majority stake, Manchester United is controlled by the six children of American businessman Malcolm Glazer, who took over the company in 2005.

Despite its popularity, ManU is going through a severe results crisis, and is under the wrath of its many fans on social networks. Last Saturday, the Reds Devils were humiliated in Brentford (4-0), and appear in an unworthy last place in the English Championship after two defeats in two matches.

Musk on another front

The club’s management had already come under vehement protests from supporters in April last year when they wanted to take part in a breakaway European Super League plan, which was eventually scrapped.

As for Elon Musk, he recently sold nearly $7 billion worth of shares in his car group Tesla, while he is in the midst of a legal battle over his failed takeover project of the social network Twitter.

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