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Elon Musk allegedly interested in making a £4.5bn bid to buy Manchester United

by Ikenna Ngere
February 13, 2023
in Corporate Events, The Entrepreneur
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Elon Musk allegedly interested in making a £4.5bn bid to buy Manchester United
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The tech mogul, Elon Musk is reportedly keeping a close eye on the situation and considering whether he should take advantage of any opportunities at Old Trafford, according to sources.

Is the man Forbes ranks as the second-richest in the world set to make his move for the football club they have crowned the biggest with Friday’s deadline for bids drawing near?

However, insiders close to the sale are aware of his interest, despite the supremo of Twitter, Tesla, and SpaceX’s refusal to remark on any potential involvement.

It is said that dozens have shown interest and signed confidentiality agreements giving them access to the “data room.”

Several Saudi Arabian organizations, unaffiliated with the people that control Newcastle United, are among them. If they decide to make a candidacy, they could require a charismatic personality to lead it.

Few could carry the weight of Musk, who already brought down his own platform by tweeting that he was going to acquire United before retracting it.

His net worth was estimated to be £157 billion at the most recent calculation. He definitely has the clout and deep enough cash. United boasts 34.9 million followers on Twitter. Musk has 128.9 million.

Kind of like this, we’ve been here before. In August, with United supporters preparing a demonstration against the Glazer family before a game against Liverpool at home and Erik ten Hag’s administration off to a poor start, Musk posted: “Also, I’m buying Manchester United ur welcome.”

It was like music to some United supporters. And even though he later clarified that he was joking, the response was not unnoticed.

Musk later added: ‘Although, if it were any team, it would be Man U. They were my fav team as a kid.’ It is easy to believe.

Elon Musk was born and raised in South Africa, where he lived until he was 18 years old. He will have seen firsthand how far United reaches.

He will also be aware, as the owner of Twitter, that few sources generate the traffic, hysteria, and intrigue that come from Old Trafford. They are unique in that respect.

Additionally, he will be fully aware of the influence United has in Manchester and beyond.

The chance to start a new project and eventually earn more money may be hard to pass up. His gag’s six-month aftermath has not been pleasant.

With an estimated loss of £150 billion since November, Musk last month shattered the record for the greatest loss of personal wealth in history, according to Guinness World Records.

That was attributed primarily to Tesla stock’s disappointing performance. Regardless, the Glazers’ asking price of over £6 billion and estimates of the club’s value of roughly £ 4.5 billion put the cost of United plus an additional £2 billion to renovate or build a new Old Trafford well within reach.

Tags: Elon MuskManchester United
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Ikenna Ngere

Ikenna Ngere

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