Elon Musk to spend ₹44,645 crore: But what's he buying?

LONDON: Elon Musk, the owner of Tesla Motors, is reportedly planning to acquire one of the most popular football clubs in the world. While there is no official confirmation regarding this, Musk's father, Errol Musk, has openly discussed his son's interest in owning the club. The club in question is the English Premier League giant Liverpool FC, which has millions of fans worldwide, including in Kerala. However, the current owners of the club have denied any plans to sell.

In an interview, Errol Musk revealed his son Elon's desire to own Liverpool FC. The club's majority shares are currently held by Fenway Sports Group (FSG), a major American corporation. FSG acquired Liverpool in 2010. If Musk decides to purchase the ownership rights of Liverpool FC, he would need to spend ₹44,645 crore (Indian Rupees), according to current estimates.

As of 2024, Liverpool FC is valued at ₹44,645 crore. However, Musk might need to spend even more, as the valuation is expected to rise during negotiations. Back in 2010, Fenway Sports Group bought the club for approximately ₹3,000 crore. Over the past decade, Liverpool's valuation has increased fifteenfold. Currently, John Henry is one of the prominent figures among the Premier League club owners. Liverpool FC was founded on June 3, 1892, and its iconic home ground is Anfield.