Musk ‘monitoring the situation closely’ at Man Utd with the US billionaire ‘interested’ in making bid
US billionaire Elon Musk is reportedly considering whether to make a bid for Man Utd with the Premier League club up for sale.
The Glazer family, which owns the Red Devils, announced last November they were looking at strategic options for the club’s future, including the sale of a stake in the club or of the whole club.
It was recently reported that private investors from Qatar will make an imminent bid for Man Utd and would not be put off by the Glazers huge price tag.
There have been rumours the club could cost a suitor anywhere between £4.5bn and £6bn with Qatar looking at all Premier League clubs which are available to buy or invest in.
Man Utd have set a ‘soft’ deadline of Friday for takeover bids from any interested parties with billionaire boss of Ineos, Sir Jim Ratcliffe, the only potential bidder to have his interest confirmed publicly.
A spokesperson for Ratcliffe told The Times recently that “we have formally put ourselves into the process” after initially expressing their interest to Avram and Joel Glazer back in August.
And now the Daily Mail claim that Musk – who is ranked as the second richest person in the world by Forbes – is ‘believed to be interested in making a £4.5bn move to buy Man Utd’.
The newspaper say he ‘likes Manchester United’ as well as ‘money and madness’ and sources have told them that ‘the tech-billionaire is believed to be monitoring the situation closely’ at the Premier League club.
The Daily Mail add:
‘While associates of the Twitter, Tesla and SpaceX supremo will not comment on any possible interest, sources close to the deal are aware of his attention.
‘Dozens, it is understood, have expressed an interest and signed confidentiality agreements allowing them to gain access to the “data room”.’
A bid from Musk would be more palatable for many than a sale to private investors from Qatar with Amnesty International recently warning it was a “continuation of this state-backed sportswashing project”.
“Coming in the wake of the World Cup and strenuous efforts from the Qatari government to fashion a glitzy new image for the country, it seems highly likely that any Qatari bid for Manchester United would be a continuation of this state-backed sportswashing project,” Peter Frankental, Amnesty UK’s economic affairs director, told the PA news agency.
“We saw only limited reforms on migrant workers’ rights in Qatar in the lead-up to the World Cup, and there’s been no movement whatsoever in ending the disgraceful criminalisation of LGBTQ+ people or institutional discrimination against women.
“It’s been nearly 18 months since the hugely controversial Saudi takeover of Newcastle United and a Qatari bid for Manchester United would be yet another wake-up call to the Premier League over the need to reform its ownership rules.
“We’re not necessarily opposed to the involvement of state-linked overseas financial consortia in English football, but the Premier League must urgently strengthen ownership rules to ensure they’re human rights-compliant and not an opportunity for more sportswashing.”
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