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Elon Musk says he’s buying Manchester United — but if it’s a joke, the SEC is unlikely to laugh

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Last Updated: Aug. 16, 2022 at 9:27 p.m. ET

First Published: Aug. 16, 2022 at 9:09 p.m. ET

Elon Musk is either getting into international soccer or else may have scored an own goal and teed up more trouble from the SEC.

In a tweet late Tuesday, the Tesla Inc. TSLA chief executive said: “Also, I’m buying Manchester United ur welcome,” referring to the iconic English soccer club that may be up for sale.

It was unclear if Musk was…

Elon Musk is either getting into international soccer or else may have scored an own goal and teed up more trouble from the SEC.

In a tweet late Tuesday, the Tesla Inc.

TSLA

chief executive said: “Also, I’m buying Manchester United ur welcome,” referring to the iconic English soccer club that may be up for sale.

It was unclear if Musk was serious, as he’s well-known for tweeting jokes and frivolous statements.

Neither Manchester United nor the SEC immediately replied to requests for further information.

But if it was a joke, it may not be funny to the Securities and Exchange Commission, since Manchester United

MANU

is a publicly traded company. Musk’s tweet came at 8:01 p.m., just after the end of after-hours trading, so Man U’s stock was unaffected.

Musk is no stranger to tweets coming back to bite him. His 2018 tweet that he had “funding secured” to consider taking Tesla private at $420 a share became the subject of regulatory action by the SEC, ultimately resulting in $20 million fines each against Musk and Tesla.

Musk has sparred with the SEC on a number of other occasions over the years. He’s also embroiled in a bitter legal battle as he’s trying to pull out of a $44 billion deal to buy Twitter Inc.

TWTR

.

On the other hand, if the tweet is true, it would be a seismic deal for one of the most valuable sports brands on the planet. Manchester United’s current owners, the Glazer family, have been under pressure to sell the team after years of underperformance, mismanagement and a revolt by some fans. The team is currently in last place in the English Premier League, after their second straight loss to start the season, an embarrassing 4-0 defeat to Brentford on Saturday.

Last week, reports said British businessman Michael Knighton planned a formal bid to buy the team. The club has an estimated value of $4.6 billion, according to Forbes.

That price tag would be doable for Musk, who is the world’s wealthiest individual, with a fortune estimated around $267 billion, according to the Bloomberg Billionaires Index.

Manchester United went public in a 2012 IPO on the New York Stock Exchange. Its shares are down 10% year to date, in line with the S&P 500’s


SPX

10% loss this year.



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Sports

Four-time NBA champion Manu Ginobili, WNBA legends Swin Cash, Lindsay Whalen among Naismith Hall of Fame finalists

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7:01 PM ET

  • Tim BontempsESPN

CLEVELAND — San Antonio Spurs legend and four-time NBA champion Manu Ginobili and WNBA legends Swin Cash and Lindsay Whalen headlined the 11 finalists from the North American and Women’s Committees for the Naismith Hall of Fame Class of 2022.

The other eight finalists were: former Los Angeles Laker Michael Cooper; former Milwaukee Bucks forward Marques Johnson; longtime NBA referee Hugh Evans; longtime college coach Bob Huggins; longtime NBA coach George Karl; women’s college and WNBA coach Marianne Stanley; five-time All-Star Tim Hardaway; and Texas girls’ high school basketball coach Leta Andrews.

Ginobili – one of two people, along with Hall of Famer Bill Bradley, to win a Euroleague title, NBA title and a gold medal – became one of the faces of the Spurs dynasty, alongside Hall of Famer Tim Duncan and future Hall of Famer Tony Parker, and won the gold medal with Argentina in 2004, and a bronze medal in 2008. His willingness to come off the bench for the majority of his career helped turn San Antonio’s second units into devastating weapons.

Cash won three NBA championships, two NCAA championships and two Olympic gold medals on her way to being named one of the 20 best WNBA players of all-time in 2016. She also was a two-time All-Star Game MVP, and a four-time All-Star. Whalen, like Cash, also was a three-time WNBA champion and two-time Olympic gold medalist, making five All-Star teams and three WNBA First Teams during her 15-year career with the Connecticut Sun.

Cooper was one of the defensive anchors of the great Lakers teams of the 1980s, winning five NBA championships while earning five All-Defensive Team nods and the league’s Defensive Player of the Year award in 1987. Johnson made five All-Star teams with the Bucks, and won a national championship during his collegiate career at UCLA, while Evans was an NBA referee for 28 years, a run that saw him officiate 170 playoff games, 35 NBA Finals games and four NBA All-Star Games.

Hardaway was a five-time All-Star and Olympic gold medalist whose signature crossover devastated opponents throughout his 13 NBA seasons, primarily with the Golden State Warriors and Miami Heat. Karl has the sixth-most wins of any NBA coach, 1,175, and made the NBA Finals with the Seattle Supersonics in 1996 – one of six stops during his 27 seasons as an NBA coach. Huggins has been the coach at Cincinnati, Kansas State and West Virginia, is one of six Division I coaches to win at least 900 games, and made the Final Four in 1992 and 2010.

Stanley, currently the coach of the WNBA’s Indiana Fever, won a college national championship at Old Dominion in 1985, and later coached at Penn, USC, Stanford and Cal. And Andrews spent 51 years coaching Texas high school girls’ teams, amassing 1416 wins – the most of any high school coach, male or female, of all-time.

The class of 2022 will officially be unveiled on April 2 in New Orleans during the Final Four, and will be enshrined in the Hall on Sept. 10 in Springfield, Mass.

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