Elon Musk 'expresses desire' to spend $5,370,000,000 on buying Premier League side Liverpool
Topics: Elon Musk, Business, Technology, Sport
Ellie Kemp
Featured Image Credit: Chesnot/Getty Images/MI News/NurPhoto via Getty Images
Topics: Elon Musk, Business, Technology, Sport
Elon Musk's dad has seemingly confirmed that his billionaire son is interested in buying out one of Britain's most popular soccer clubs, valued at $5,370,000.
The richest man in the world is already the CEO of business ventures including SpaceX, Tesla as well as owning social media site Twitter.
And now Elon Musk is apparently looking to add Liverpool Football Club to his portfolio.
It follows a sensational report from the Weekend Sport published on Saturday which claimed Musk was potentially interested in submitting a takeover bid for the Premier League giants.
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The South African-born entrepreneur actually has strong links to the northern English city - as his father Errol Musk explained.
Errol joined UK journalist Kait Borsay on Times Radio on Tuesday afternoon (January 7), initially to discuss Musk's relationship with extreme right-wing politician Nigel Farage.
Just weeks ago, technology magnate Musk supposedly pledged to donate $100,000,000 to Reform UK after meeting up with its leader Farage at Trump's Mar-a-Lago residence in Florida.
Yet, a dispute over prominent far-right activist Tommy Robinson has since led Musk to call for Farage to be replaced as party leader.
But Borsay eventually addressed the soccer rumors, asking Errol: "Does your son want to buy Liverpool Football Club?"
The 79-year-old initially refused to answer, laughing as he responded: "I can't comment on that, they'll raise the price."
But, pressed further by Borsay, Errol admitted: "Oh yes, [he has expressed a desire], but that doesn't mean he's buying it."
When quizzed further if buying the club was 'in his son's sights', Errol added: "He would like to yes, obviously. Anybody would want to - so would I."
He went on to explain the special connection his family has to the city, as Errol said: "His grandmother was born in Liverpool, and we have relatives in Liverpool, and we were fortunate to know quite a few of the Beatles because they grew up with some of my family.
"So, we are attached to Liverpool you know."
So, could Musk actually buy Liverpool Football Club?
Well, the team was valued at $5.37 billion as of May 2024, according to Forbes.
This works out as just 1.26 percent of Musks' $424.9 billion net worth - so it's entirely feasible for Musk.
However, Liverpool owners Fenway Sports Group (FSG) have given no indication of putting the Premier League team on the market.
And if they did, they could ask for a much larger sum of money for the team - who are currently at the top of the league.
Principal owner John W. Henry last year played down the likelihood of FSG selling the club in the near future.
After rumours emerged of a possible takeover attempt in 2023, Henry told the Boston Sports Journal: "Will we be in England forever? No. Are we selling LFC? No.
"Are [we] talking with investors about LFC? Yes. Will something happen there? I believe so, but it won't be a sale. Have we sold anything in the past 20 plus years?"
FSG later agreed to sell a minority stake in the club worth between £82m ($102m) and £164m ($205m) to global sports investment firm Dynasty Equity.
UNILAD has reached out to Elon Musk, Liverpool Football Club and Fenway Sports Group for comment.