The richest man in the world, Elon Musk, announced in a tweet on Tuesday that he was purchasing the football club Manchester United Plc. You’re welcome, I’m buying Manchester United, Mr. Musk wrote in a tweet. The American Glazer family owns and runs the franchise. A request for response was not immediately answered by the family or Mr. Musk.
The Glazers were willing to sell the club, according to a 2017 story in the British daily The Daily Mirror, but only if they were offered more than 4 billion pounds.
Manchester United is one of the football teams with the most devoted worldwide following. They have won the European Cup, the elite club competition in soccer, three times and the English championship 20 times overall. The football franchise was worth $2.08 billion at the end of trading on Tuesday.
It was unclear right away whether Mr. Musk intended to pursue a deal to acquire Manchester United because of his unusual nature and penchant for making humorous tweets.
1- Is Mr. Musk attempting to back out of a $44 billion deal to purchase the social media company?
2- What is the market capitalization of a football club?
3- Manchester United fans bought the club for how much in 2005?
Ans – 790 million pounds