Elon Musk “would like to” buy Liverpool Football Club, according to his father. This potential acquisition would mark one of the largest sports team purchases in history, with Liverpool FC currently valued at over $4.7 billion.
Errol Musk admitted his son – who is the richest person in the world with a net worth of $421.2 billion – is interested in acquiring the Premier League leaders, but he didn’t want to say too much for fear of the price increasing. The club has seen its value increase by 300% since its last acquisition in 2010.
“I can’t comment on that, they’ll raise the price,” Errol said on Times Radio when asked if his son wants to buy Liverpool FC.
“Oh yes, [he has expressed a desire], but that doesn’t mean he’s buying it.” The statement sparked immediate speculation in the football world, with Liverpool’s shares experiencing increased trading activity.
Quizzed on whether purchasing Liverpool is in his “son’s sights”, he said: “He would like to yes, obviously. Anybody would want to – so would I.” Premier League clubs have increasingly attracted billionaire investors, with total league revenues exceeding £6 billion annually.
Elon has family ties to the city of Liverpool, adding a personal dimension to the potential acquisition.
“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,” Errol explained. “So, we are attached to Liverpool you know.” The city of Liverpool has a rich cultural heritage, with its football club being one of the most successful in English football history.
Since 2010, Liverpool FC has been owned by the Fenway Sports Group, which sold a minority stake to Dynasty Equity – a global sports investment firm – in September 2023. The club has won numerous titles under FSG’s ownership, including their first Premier League title in 30 years.
Errol’s comments come after the Tesla co-founder joked in 2022 that he was going to buy Manchester United. This earlier statement had caused significant market movement, with United’s stock price temporarily surging.
“I’m buying Manchester United ur welcome (sic),” he wrote in a post on X, which was known as Twitter at the time before Elon acquired the site for $44 billion.
While he later insisted it was a joke, Elon admitted if he was to fork out on a sports team then Manchester United would be at the top of his list. Manchester United currently has a market capitalization of approximately $3.2 billion.
“No, this is a long-running joke on Twitter. I’m not buying any sports teams,” The SpaceX CEO added. “Although, if it were any team, it would be Man Utd. They were my fav team as a kid.” United has been owned by the Glazer family since 2005.
The potential acquisition would add to Musk’s growing portfolio of high-profile investments, which includes Tesla, SpaceX, and X (formerly Twitter). Sports industry analysts suggest that Premier League clubs represent attractive investment opportunities due to their global brand recognition and increasing media rights values.
Liverpool FC, founded in 1892, has won 19 league titles and six European Cups/Champions League trophies, making it one of the most successful clubs in English football history. The club’s current commercial success includes significant revenue from broadcasting rights, merchandising, and match-day income.
Any potential takeover would require approval from the Premier League’s board and would be subject to the league’s owners’ and directors’ test. The process typically takes several months to complete, with various financial and legal requirements to be met.
