Elon Musk Assessing Bid for Manchester United After Glazers Announce Sale

Elon Musk: The Glazers family, who own Manchester United Football Club, announced last November that they will put the club up for sale, triggering a buzz and several parties in the race to become the new owners. Among those interested are Jim Ratcliffe, the chief executive of INEOS, and Elon Musk, who is reportedly formulating moves to make a bid for the Premier League side. According to a report, Forbes’ second-richest man is observing the ownership situation at the English club and assessing the latest developments.

Several interested parties already signed agreements to get confidential data about the club

Musk had opened up on the possibility of purchasing Manchester United last year, suggesting his keen interest in buying the club. Following a political tweet, he joked, “Also, I’m buying Manchester United ur [you’re] welcome.” However, Musk later clarified that his previous tweet was only a part of a ‘long-running joke.’ According to multiple sources, the billionaire is now pondering if there is a chance he should not miss.

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Manchester United’s American owners face severe backlash for burdening the club with enormous debt

Dozens of interested parties have expressed their desire to buy Man United, and they have also signed agreements to get access to confidential data about the club. The Glazers family bought Manchester United in 2005 for USD 942 million, but their association with the club has not been fruitful. They had to face a severe backlash for burdening the club with enormous debt, and a poor run of form on the field in recent times has infuriated the fans. The American owners are now ready to sell the club, and Raine Group is responsible for overseeing the takeover process.

Erik Ten Hag’s chance to end Manchester United’s six-year trophy

Manchester United’s last piece of silverware came in 2017 when they won the Europa League under former manager Jose Mourinho. Erik Ten Hag, in his first season in charge, has a chance to end the club’s six-year trophy drought. The club are currently in the hunt for four trophies this season and are placed in third position with 46 points in the Premier League.

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