Elon Musk Considers Buying Man United
Elon Musk is contemplating the purchase of Premier League team Manchester United.
The billionaire is one of the parties planning to submit a formal offer for the club.
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The Red Devils were put up for sale by the Glazer family in November of last year. It was stated that the Raine Group, the bank overseeing the transaction, must receive formal bids by Friday.
According to reports, United’s American owners wanted to sell for between £6bn and £8bn, but a bid of up to £4.5bn could be sufficient to acquire the club.
Musk would face stiff competition from Saudi Arabian and Qatari investors, as well as Britain’s richest man and INEOS’s chief executive, Sir Jim Ratcliffe, who announced in January that he is attempting to acquire control of the club he supports.
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Musk tweeted in August 2022 that he was interested in acquiring Manchester United, but later clarified that it was a joke. Also, I’m buying Manchester United’s welcome, he wrote.
However, if it were any team, it would be Manchester United. They were my favorite team growing up.” It is simple to accept.
Meanwhile, According to Guinness World Records, Musk broke the record for the largest loss of personal wealth in history last month, with a drop of approximately £150 billion since November.
This was largely attributable to Tesla’s stock performance. Regardless, with the Glazers seeking approximately £6 billion and some valuing the club at approximately £4.5 billion, the price of United is well within the Twitter owner’s reach.
Anything worth £3.76 billion would make Manchester United the world’s most expensive sports team.
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