Manchester United shares rise after Elon Musk teases about shopping for the membership

Shares of English soccer membership Manchester United Plc briefly rose as a lot as 17% in premarket buying and selling on Wednesday, after Elon Musk jokingly tweeted “Additionally, I am shopping for Manchester United welcome .”

Photograph by Catherine Ivill/Getty Photographs

Shares of English soccer membership Manchester United briefly rose as a lot as 17% in pre-market buying and selling on Wednesday, after Tesla CEO Elon Musk jokingly tweeted that he would purchase the membership.

“Additionally, I am shopping for Manchester United welcome,” the billionaire write on Twitter. A couple of hours later, Musk responded to a Twitter consumer asking if he was actually shopping for the membership and clarified that it was a joke.

“No, this can be a lengthy working joke on Twitter. I do not purchase any sports activities groups,” he mentioned. fallearlier than sending: “Though, if it was any workforce, it could be Man U. They have been my favourite workforce as a child.”

Manchester United shares, which commerce underneath the abbreviation MANU on the New York Inventory Change, have been up 3.68% in premarket buying and selling at 4:30 a.m. ET, gaining after an preliminary 17% rise following the tweet.

Based mostly on the membership’s most up-to-date inventory market valuation, the acquisition of Manchester United would have price Musk about $2 billion. Manchester United declined to touch upon the matter when contacted by CNBC.

Musk’s authentic tweet sparked a large response and had garnered greater than 573,000 likes and been retweeted greater than 140,000 instances on the time of writing. Manchester United followers have been shocked, however hopeful, as many have criticized the membership’s present house owners, the American Glazer household.

That is linked to the membership’s sluggish begin to the present English Premier League season, struggling two defeats in two video games, and the membership being a part of the failed try based the European Tremendous League final yr.

Even earlier than Musk clarified that his provide to purchase Manchester United was a joke, some followers remained skeptical because the billionaire has a historical past of creating related jokes on-line .

In April this yr, it was fall that he would purchase Coca-Cola “to place the cocaine again in,” a tweet he referenced again on Wednesday after clarifying that he would not purchase Manchester United.

“And I am not shopping for Coca-Cola to place the cocaine again in, regardless of the recognition of such a transfer,” Musk mentioned. write.

The unique tweet in regards to the buy of Coca-Cola got here simply days after Twitter’s board accepted Musk’s provide to purchase the social media firm for $44 billion.

Musk has since gone again on this deal simply 4 months after agreeing to it. Twitter is taking the billionaire to court docket over the dispute.

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