‘It’s a joke’: Elon Musk announces Manchester United takeover before denying it

In this first tweet, Elon Musk, accustomed to unpredictable and provocative statements on Twitter, said: “And I’m buying Manchester United, please.” In a few hours, this tweet has already collected almost 500,000 “likes” on the social network.

Billionaire Elon Musk, head of Tesla and SpaceX. Photo by JIM WATSON/AFP

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Published: August 17, 2022 at 10:22 am.

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

“No it’s a joke (…). I didn’t plan to buy any sports club,” the wealthy South African entrepreneur corrected after his initial tweet had nearly 500,000 “likes” on the social media platform in a matter of hours.

In that first tweet, Musk, accustomed to unpredictable and provocative statements on Twitter, said: “And I’m buying Manchester United, please.”

Serious results crisis

“ManU”, listed on the New York Stock Exchange for ten years, has a market capitalization of $2.08 billion. The stock, which closed steady at $12.78 (+0.08%) on Tuesday, lost 2.11% in electronic trading after the close.

Although none of the shareholders owns a controlling stake, Manchester United is controlled by the six children of American businessman Malcolm Glaser, who took over the company in 2005.

ManU is one of the most famous clubs in the world, but they are in a serious crisis of results and are under the wrath of their many fans on social networks.

The Red Devils were humiliated 4-0 at Brentford last Saturday to find themselves in an unworthy last place in the Premier League after two defeats in two matches.

The club’s management had already faced violent protests from fans last April when they wanted to participate in a European Super League breakaway plan that was eventually cancelled.

The Red Devils, along with 5 other English clubs, 3 Spanish and 3 Italian clubs, wanted to create a rival European Champions League tournament, an initiative that caused strong political and sporting protests, as well as strong reactions from the respective clubs’ supporters. .

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

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