Elon Musk has emerged as a potential buyer of Manchester United as the soft deadline for the Glazer family’s bids draws ever closer. The Glazers are believed to have set February 17 as the date for the bidding, although this is not a hard and fast deadline.
If the suitable bidder requires more time. A billion-pound bid would be needed to take over the Premier League club which was put up for sale by its American owners in November.
Elon Musk has spoken about United as a sports team he could consider bidding for, even as the investment report was dismissed by the Tesla boss as a “long running joke” I went.
More recently, however, it has been claimed that he is monitoring the situation around United amid interest from Ineos boss Jim Ratcliffe and a Qatari group.
Man Utd sale: Glazers ‘split’ asking price as bidders left uncertain over takeover Glazers ‘split’ price on Man Utd has major implications for Sir Jim Ratcliffe.
Elon Musk will reportedly complete the acquisition of Twitter in October 2022 for £37.9bn. It dwarfs the asking price for Man Utd, with suggestions the club could be sold for £4.5 million despite early reports that the Glazers had been paid significantly more.
The Glazers are believed to be divided over whether they would agree to a sale if a potential buyer falls short of their £5million asking price. The American family has owned the club since 2005, and could negotiate a deal for investment rather than an outright takeover.
However, there could still be bids from Saudi and US investors as well as those with ties to the UK and Qatar. Musk, 51, has been on Forbes’ rich list for the last 10 years. With a staggering net worth, he ranks among the richest men in the world.
Elon Musk is said to be monitoring the situation at Man Utd According to Forbes’ most recent billionaires list for 2022, Musk was the world’s richest person that year with a net worth of $219bn (£179.9bn).
His net worth is estimated at $187.2bn (£153.8bn) at the time of writing, according to Forbes, although this has fallen since then. His fortune comes from his position as co-founder and senior figure in several companies.
As well as Twitter and electric car business Tesla, the South African-born billionaire is the founder and CEO of SpaceX and tunneling business The Boring Company.
SpaceX is estimated to be worth $127 billion, having quadrupled in a span of three years. Earlier this month, he was acquitted of defrauding investors over tweets related to a proposed deal involving Tesla.
Musk attracted media attention after he joked about a bid for United in 2022, “I’m not buying a sports team.” ,