Musk & $MANU: To Buy or Not to Buy, That is the Question

MillionaireTiger
2022-08-17

To buy or not to buy, that is the question

Throughout the world of football giants, the name of the Red Devil $Manchester United PLC(MANU)$, in the football world status is absolutely famous and powerful existence.

But the Red Devils, in recent seasons, seem to have lost their mojo. The lineup of Cairo, B fee, Varane, Sancho, Rashford and a host of other masters, but the record is a mess, the senior internal chaos is unbearable.

Manchester United has gradually evolved from a strong team that relies on its performance to a "weblebrity" that relies on topics that bring traffic. A variety of media "true or false" news are coming, just today, another rumor about the Red Devils continue to ferment in the network: Tesla CEO Musk suddenly declared that he will buy Manchester United.

The news has really exploded in today's football world, and United fans have been running around and even feasting because of this news, and it seems that spring is coming for Manchester United for a while.

In this case, the wealthy Musk suddenly got involved with Manchester United, which really made many Red Devils fans see the hope. But just a few hours later, Musk played a modern version of "teasing", he tweeted again: "this is a long-running joke on Twitter. I'm not buying any sports teams." It must be said that this wave of extreme pull makes Manchester United fans again heartbroken.

Why does Musk say that?

Look at Premier League, $Manchester United PLC(MANU)$ loses two games in a row, the bottom of the scoreboard.

It is important to know that the team's revenue has broadcast fees, advertising and sponsorship fees and player transfer fees, which are all based on scores. If they don't make it to the Champions League or don't win the EPL title, their revenue will drop dramatically.

It can even be said that the team's performance even affects the stock price.

$Manchester United PLC(MANU)$

Manchester United shares rose 4.9% to $13.40 as of 5:30 a.m. Wednesday, paring a 17% gain on thin volume at the start of early trading.

Trading volume in Manchester United shares and options spiked before Musk’s tweets. Open interest in call options increased to more than 60,000 contracts from around 20,000 contracts within just two trading days last week, with one call option showing 37,630 contracts changing hands on Aug. 12, according to data compiled by Bloomberg.

Manchester United is valued at$4.6 billion, according to Forbes.

In the most recent sale of a Premier League powerhouse, a group led by billionaire Todd Boehly agreed to buy Chelsea FC from sanctioned Russian oligarch Roman Abramovich for £4.25 billion ($5.1 billion), including future investments.

The Glazer family was in debt when they acquired Manchester United, leaving United with a lot of debt. One of the reasons for listing in the US is because the Glazer family's capital is all in the US, so they can cash out.

Fans have protested the performance of the club under the ownership of the Glazer family, which also owns the NFL’s Tampa Bay Buccaneers. At the opening home match of the season -- a 2-1 loss to Brighton -- a large group of devotees walked toward the stadium with banners that read: “Fight greed. Fight for United. Fight Glazers” and “We want our club back.”

Why is Musk always unconventional at tweeting?
【Key Points】Elon Musk tweeted that he was buying football club Manchester United without offering any details. Hours later, he claimed it was just a joke... Some fans have already made a Man United shirt with Tesla's logo for him though. 【Topic】Why Musk is always being unconventional at tweeting? What other companies will he claim to buy next?
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Comments

  • setia100
    2022-08-17
    setia100
    Why Not ❓😂 MU could become TLSA marketing machinery ❗ It might be cheaper for him to advertise all Tesla model alongside the MU merchandises than to pay to tag on Tesla logos 🤞
  • SR050321
    2022-08-17
    SR050321
    Once bitten twice shy 😅 i dont want anymore, one $Twitter(TWTR)$ is enough for me 😆
  • Soyabean89
    2022-08-17
    Soyabean89
    Irony of the last pic.  Snakes and liars..  Sound like clown musk too.

    Said wont sell his tsla holding after sold 8.5b worth of stock. Months later still sold.

    Claim buy twitter...what happened?

  • Chillpadi
    2022-08-17
    Chillpadi
    To
    The moon 🚀
  • ___ _
    2022-08-17
    ___ _
    🦋  eh why u all post here? post into the link up there laa ☝
  • SR050321
    2022-08-17
    SR050321
    @Venus_M fyi never say got cookies 😊
    • SR050321
      Wow btw i ever feedback my post still in audit after 3 hr. They replied after ok 😅
    • ___ _ReplySR050321
      one of my message to others only show up 2 to 3 days later😅
    • SR050321
      Takes long time, sometimes disappear [Chuckle]
    • ___ _
      your comment only come in after i posted [LOL]  Tiger app often eat away comments these days
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