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Glazers may be open to partial sale after Musk jokes about buying Manchester United (MANU)

  • Manchester United stock surged after hours as Elon Musk tweeted about buying the company.
  • MANU stock is closely held by the Glazer family.
  • Manchester United shares are down 25% so far this year.

renew: According to Bloomberg, people close to the Glazer family have said they are open to selling part of Manchester United. “The owners have had some preliminary discussions about the possibility of bringing in new investors,” the article reads, adding that the family is not ready to relinquish control of the team. MANU shares rose 2.7% to $13.13 in early trade on Wednesday after surging to $13.75. Insiders who spoke to Bloomberg said the team is believed to be worth closer to $6 billion. That’s nearly triple the stock’s current market value of $2.14 billion. More than 1,500 call contracts at the $14 strike price expiring on Friday (Aug. 19) traded earlier on Wednesday. The final price was $0.22 per share.

Manchester United (MANU) stock in Elon Musk made news after the close last night after tweeting about buying clubs. It might be a joke, he even said that, but that didn’t stop MANU’s stock from surging in after-hours trading. MANU closed the day little changed at $12.78, but surged about 3% as “jokes” began to circulate.

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MANU Stock News

Also, I buy Manchester United to welcome you — Elon Musk (@elonmusk) August 17, 2022

No, this is a long-running joke on Twitter. I don’t buy any sports teams. — Elon Musk (@elonmusk) August 17, 2022

Although, if it was any team, it was Manchester United. They were my favorite team as a kid. — Elon Musk (@elonmusk) August 17, 2022 You have it. This is really major news. Elon Musk is nothing if not eventful, and he does seem to like it Twitter

. He certainly likes to be active on the social media site, and once again this tweet gets the job done.

MANU stock is still higher this morning in the premarket, up about 2.5%. The stock is trending strongly on the usual social media sites. Last week, the Manchester Evening News reported that a consortium was being formed to try to bid for the club, which is owned by the Glazer family . Michael Knighton is behind the upcoming bid.

This will be welcome news for some fans who have been looking for a change of ownership. MANU stocks are as bad as they are on the pitch , and the new manager’s start to the new season is terrible. The Red Devils lost 4-0 to disadvantaged Brentford on 13 August. Fans are increasingly frustrated with the way the club is run and some are looking for change. MANU Stock Forecast MANU stock price chart

Predict Elon Musk is a Challenging game, but in our opinion, we’re ostensibly taking a later tweet and it’s likely a joke. That leaves another report from a consortium. Note that the club is not for sale and is reportedly 69% owned by the Glazer family . It’s unlikely they want to sell the club, as it remains one of the most recognizable sports franchises on the planet.

American readers may not be so familiar, but given the huge global reach of football, especially in Europe and Asia, Clubs are still a huge multi-billion dollar business.

Revenue will be hit by the continued lack of a lucrative Champions League, but MANU gains in Q3 £153 million in revenue .

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