Elon Musk says he’s buying Manchester United — but if it’s a joke, the SEC is unlikely to laugh
In a tweet late Tuesday, the Tesla Inc. TSLA chief executive said: “Also, I’m buying Manchester United ur welcome,” referring to the iconic English soccer club that may be up for sale.In a tweet late Tuesday, the Tesla Inc. TSLA chief executive said: “Also, I’m buying Manchester United ur welcome,” referring to the iconic English soccer club that may be up for sale.Neither Manchester United nor the SEC immediately replied to requests for further information.
Musk is no stranger to tweets coming back to bite him. His 2018 tweet that he had “funding secured” to consider taking Tesla private at $420 a share became the subject of regulatory action by the SEC, ultimately resulting in $20 million fines each against Musk and Tesla. On the other hand, if the tweet is true, it would be a seismic deal for one of the most valuable sports brands on the planet. Manchester United’s current owners, the Glazer family, have been under pressure to sell the team after years of underperformance, mismanagement and a revolt by some fans. The team is currently in last place in the English Premier League, after their second straight loss to start the season, an embarrassing 4-0 defeat to Brentford on Saturday.
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