Manchester United shares increase after Elon Musk jokes about purchasing the club

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Manchester United shares rise after Elon Musk jokes about buying the club

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Shares of the English soccer club Manchester United Plc briefly increased by as much as 17% in premarket trading on Wednesday, after Elon Musk jokingly tweeted “Also, I’m buying Manchester United ur welcome.”

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Shares of the English soccer club Manchester United briefly increased by as much as 17% in premarket trading Wednesday, after Tesla CEO Elon Musk jokingly tweeted that he would purchase the club.

“Also, I’m buying Manchester United ur welcome,” the billionaire wrote onTwitter Hours later on, Musk reacted to a Twitter user asking if he was severe about purchasing the club and clarified that it was a joke.

“No, this is a long-running joke on Twitter. I’m not buying any sports teams,” he tweeted, prior to adding: “Although, if it were any team, it would be Man U. They were my fav team as a kid.”

Manchester United shares, which are traded under the abbreviation MANU on the New York Stock Exchange, were up 3.68% in premarket trading since 4: 30 a.m. ET, paring gains after at first rising 17% after the tweet.

Based on the club’s latest stock exchange evaluation, purchasing Manchester United would have expense Musk around $2 billion. Manchester United decreased to talk about the matter when gotten in touch with by CNBC.

Musk’s initial tweet prompted a wide-spread response and had actually acquired over 573 000 likes and had actually been retweeted over 140 000 times sometimes of composing. Manchester United fans responded stunned, yet enthusiastic, as lots of have actually slammed the present owners of the club, the American Glazer household.

This is connected to the club’s sluggish start to the present season of the English Premiere League, notching 2 losses in 2 video games, and the club belonging to the unsuccessful effort to establish the European Super League in 2015.

Even prior to Musk clarified that his deal to purchase Manchester United was a joke, some fans stayed doubtful as the billionaire has a history of making comparable jokes online.

In April of this year, he tweeted that he would buy Coca-Cola “to put the cocaine back in,” a tweet he referred back to on Wednesday after clarifying that he would not purchase Manchester United.

“And I’m not buying Coca-Cola to put the cocaine back in, despite the extreme popularity of such a move,” Musk wrote.

The initial tweet about buying Coca-Cola came simply days after Twitter’s board accepted Musk’s use to purchase the social networks business for $44 billion.

Musk has actually given that gone back on this offer simply 4 months after consenting to it. Twitter is taking the billionaire to court over the conflict.



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