Elon Musk is considering buying Premier League club, Manchester United.
According to Dailymail, the billionaire is among the many parties set to make a formal bid for the club.
The Red Devils were put up for sale by their owners, the Glazer
family, last November 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.
Musk had posted in August 2022 that he had interest in purchasing
Man United but however, later tweeted that it was a joke. He wrote,
“Also, I’m buying Manchester United ur welcome.”
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 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 of £3.76bn would make United the most expensive sports team in the world.
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