- Elon Musk joked about buying Manchester United and Michael Saylor invited him to better buy Bitcoin, which option is more profitable?
- Since it went public, Manchester United has practically not won leagues and its shares have lost value.
- In these almost 10 years, BTC was more than 6,000 times more profitable than Manchester United.
As one of the richest men in the world, Elon Musk is always in the news. Do, say or write something, the founder of Tesla and SpaceX will be in the center of the scene.
This time his message about buying Manchester United, a Premier League soccer team that started the season with two consecutive defeats, went viral.
“I’m going to buy Manchester United”, were his words and the tweet quickly flew. A user asked him if it was true and he denied that he was interested. He even clarified that he will not buy any sports equipment, although if he did it would be ManU, a club he was a fan of as a child.
That joke, which included a reply from Michael Saylor, CEO of MicroStrategy (“We’d rather you buy more Bitcoin”), It invites you to wonder if the Red Devils are a good investment.
ManU value in the market
Manchester United, with 20 league titles, is the most successful team in England and on August 10, 2012 it was listed on the New York Stock Exchange. His initial offer, which in English is called IPO, was $14 dollars, as published CryptoSlate. His all-time high stood at $27.7 dollars in August 2018, the year in which he was painting as a candidate. But…
Since it went public, Manchester United has been haunted by a curse: it barely won a Premier League, in 2013. In the Champions League he was far from glory and did not even reach the final. Today, despite having Cristiano Ronaldo, he seems to have lost his way.
On the rise after Michael Knighton and a group of businessmen became interested in buying the club from the Glazer family, the shares are down from nearly 10 years ago: $13.80. If Musk had bought shares of the club, at this point he would have lost 1.5%. If they had sold them at the top of 2018, their profit would have been 98%.
Manchester United’s current price, despite the bad timing, is close to £4.25 billion. Chelsea, another of the greats of English football, was sold in May for a figure close to $4.25 billion, the same amount that the Glazer family asks for ManU.
In the recent transfer market, as listed Transfermarkt, the English made few moves: they incorporated Lisandro Martínez (57M), Tyrell Malacia (15M) and Christian Eriksen (free). Those who left are Juan Mata, Edinson Cavani, Alex Telles, Nemanja Matic, Jesse Lingard, Paul Pogba and Andreas Pereira.
Bitcoin market value
What would have happened if Musk used this money to buy BTC? In 2013, digital gold cost $11.39. It peaked at $69K on November 11 and is currently trading around $23K. Doing the math is simple: at the maximum I would have earned more than 600,000%, while currently I would be in a range of more than 200,000%.
In these almost 10 years, BTC was more than 6,000 times more profitable than Manchester United. The other question that may arise at this time is what will happen in 10 years. Is it better to buy Manchester United shares or Bitcoin?
Which clubs are publicly traded?
The first club that went public was the English Tottenham in 1983. And this opened the way for many others who did not miss the opportunity to finance themselves privately. Currently the list is extensive, with more than 20 institutions in this situation.
The most prominent and world-renowned are: Juventus (Italy), Borussia Dortmund (Germany), Ajax (Netherlands), Galatasaray (Turkey, Celtic (Scotland), Rome (Italy), Lazio (Italy), Lyon (France), Sporting Lisbon (Portugal) and Porto (Portugal).
As reported Companies Market CapManchester United has a market valuation of 2.21 billion, being the most valuable club (of those listed on the stock exchange). Then they are followed by Juventus (960 million), Borussia Dortmund (470 million) and Roma (280 million).
Forbes places the Dallas Cowboys as the most valuable institution in the world, with 6.5 billion, being Real Madrid, with 5.1 billion, the largest in terms of soccer. Among the top are also: New York Yankees (6 billion), New York Knicks (5.8), Golden State Warriors (5.6) and Los Angeles Lakers (5.5).
Almost 10 years ago, Bitcoin would have been a phenomenal investment against Manchester United. What will happen in the next decade?
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