Elon Musk’s father hints son’s interest in Premier League football club ownership

Elon Musk’s father hints son’s interest in Premier League football club ownership
Elon Musk’s father hints son’s interest in Premier League football club ownership

New Delhi: Errol Musk, father of the world’s richest man, Elon Musk, has recently claimed that his son is interested in buying Premier League club Liverpool FC. Currently, Fenway Sports Group are the owners of the Reds, having added them in 2010. The firm has been looking for external investment in the past but there have never been a consideration for a full sale.

However Musk senior has said that his son would been keen on buying the Merseyside club. Speaking to Times Radio, Musk noted that while he cannot confirm anything as “they’ll raise the price” and his son’s interest doesn’t mean he is buying it when asked if he would be interested in buying Liverpool. Further, he commented that it was a lucrative proposition for anyone who would want to buy it. 

In May last year, Forbes had rated Liverpool as the fourth most valuable football club, estimated to be valued at $4.3 bn. This amounts to just a percentage of Musk’s total value, which is estimated at $343bn. Musk’s father further noted that the interest also comes from the family’s long association with the city and not from a financial point of view. 

Apparently, the Tesla and SpaceX owner’s grandmother was born in Liverpool and have relatives still in Liverpool. Musk senior further said that they were “fortunate to know quite a lot” the Liverpool-based band the Beatles as some of the members of the group had grown up with some of his family.

Liverpool FC under FSG

FSG lately have come under a lot of criticism from parts of their fanbase for not making a good amount of investment in the squad. Last year Liverpool had posted a loss of £9m before tax, which prompted the managing director of the club Andy Hughes to comment that their main goal was to function as a club in a “ financially sustainable manager and in accordance with football’s governing principles” ever since PSG Liverpool acquisition.

Last season’s financial results are due in next month and without being in the Champions League in the last season means that the finances are likely to be squashed In February 2023, primary owner John W Henry had refuted claims on sale noting that they hadn’t sold anything in the last two decades. Later though FSG sold a minority stake to US based investment company Dynasty Equity.

Back then president Mike Gordon reaffirmed FSG’s long-term commitment to Liverpool. Currently the top placed team of the Premier League table are in a contract deadlock with three of their main players as their three highest salary drawing players Mohamed Salah, Virgil van Dijk and Trent Alexander-Arnold are all set to leave the club at the end of the summer when their contract expires.

 Tesla and SpaceX owner Elon Musk has interests in buying one of the Premier League club due to long family history with the city claims his father.  Football Sports News: Latest Cricket News, Cricket Live Score, Sports Breaking News from Sports Today