WorldElon Musk is not buying Manchester United

Elon Musk is not buying Manchester United

“Additionally, I am shopping for Manchester United ur welcome,” Musk informed his 103 million followers on Twitter, with out providing any particulars.

Hours later — and after a number of information articles have been revealed about his daring declare — Musk clarified that it was all a joke.

“No, this can be a long-running joke on Twitter. I am not shopping for any sports activities groups,” he mentioned after a person requested him if he was critical concerning the buy.

Requested about Musk’s tweet, a Manchester United (MANU) spokesperson informed CNN Enterprise that “we don’t touch upon rumors and hypothesis.”

Shares of Manchester United, listed on the New York Inventory Change, initially soared after hours Tuesday following the tweet however pulled again from their features. The inventory was nonetheless up about 3% in early buying and selling Wednesday although.

Based on Forbes, Manchester United is value $4.6 billion. Managed by the Glazer household, which additionally personal NFL franchise Tampa Bay Buccaneers, Manchester United is without doubt one of the largest soccer golf equipment on the planet but it surely hasn’t gained the English Premier League title since 2013.
Elon Musk's antics may finally be catching up to him
In his 13 years on Twitter, the platform has grow to be an important part of Musk’s private model. It is a spot the place he communicates about his enterprise ventures, lashes out at folks he views as detractors, makes market-moving commentary about cryptocurrencies and shares the occasional meme.

He even quipped in a 2019 tweet: “Some folks use their hair to precise themselves, I exploit Twitter.”

Nevertheless, Musk’s tweets about Tesla have landed him in sizzling water, a number of occasions, with the US Securities and Change Fee. His feud with the SEC dates again to his now-infamous 2018 tweet stating, “Am contemplating taking Tesla non-public at $420. Funding secured.”

The nine-word tweet despatched Tesla inventory surging on the time, however the SEC then accused him of deceptive traders. Musk and regulators ultimately reached a deal that included, amongst different provisions, a requirement that Musk achieve pre-approval from different Tesla executives previous to tweeting concerning the firm.

The billionaire’s tweets concerning Manchester United come at a time when he’s attempting to terminate his $44 billion acquisition of the social platform. Twitter has taken him to court docket over his try to exit the deal.

-— Robert Mclean contributed to this story.

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