“It was just a joke on Twitter. I will not buy any sports teams,” billionaire Elon Musk shared on Twitter shortly after the Tesla mogul expressed a desire to buy Man Utd.
However, Elon Musk also stated that if he were to buy a club in the future, it would be Man Utd, as it has been his beloved team since childhood. Elon Musk’s announcement put an end to rumors about the billionaire investing to own Man Utd.
On the morning of August 17, billionaire Elon Musk announced his intention to buy Man Utd on Twitter. This information was widely shared and discussed among “Red Devils” fans.
According to various statistics, the co-founder and CEO of Tesla is currently the richest person in the world, with a net worth of $254 billion.
Elon Musk is currently embroiled in a lawsuit following the failed acquisition of Twitter for $44 billion. A few months ago, when this billionaire withdrew his offer to buy Twitter, many Man Utd fans called on the Tesla CEO to shift his focus to football to rescue the Red Devils.
Man Utd is currently owned by the Glazer family. The Glazers purchased Manchester United in 2005. At that time, Malcolm Glazer, the father of Avram and Joel Glazer (the current co-chairmen of Man Utd), spent about £790 million to own the Old Trafford club.
Man Utd is currently in crisis, sitting at the bottom of the Premier League table after two rounds. The “Red Devils” have changed managers six times in the past nine years, but have not improved their performance. In the last five years, Man Utd has not won any titles.
The Old Trafford club has only signed three new players this summer and is at risk of selling their star player Cristiano Ronaldo.