Elon Musk interested in buying £4.3bn worth Liverpool Football Club, Dad says

Elon Musk’s father, Errol Musk has suggested that his billionaire son is interested in buying English soccer Merseyside club, Liverpool Football Club (FC). During an interview with UK Times Radio, Errol noted that the Starlink and X (formerly Twitter) owner would like to extend his investment to the six-time European Cup champions.

When commenting on whether his son would be interested in purchasing Liverpool, Musk’s father said:

“I can’t comment on that. They’ll raise the price.” After a push for an answer, he added “Oh, yes. But that doesn’t mean he’s buying it. He would like to yes. Anybody would want to, so would I.”

Backing Elon Musk’s interest and the rumour, his father mentioned Musk’s family links to the city of Liverpool. “His grandmother was born in Liverpool, and we have relatives in Liverpool, and we were fortunate to know quite a lot of the Beatles because they grew up with some of my family. So, we are attached to Liverpool, you know,” Errol added.

Currently, Liverpool FC is owned by Fenway Sports Group (FSG), which has not indicated it wants to sell but has accepted external investment in the past. The club, which leads the Premier League and Champions League this season, has not responded to the comment.

In May 2024, Forbes rated Liverpool the fourth most valuable club, with an estimated value of £4.3bn. The amount is just over one per cent of Musk’s total net worth, which is believed to be around £340bn.

FSG, who purchased the team for £300m in 2010, have previously looked for outside investment but a full sale has never been considered. 

In light of this, FSG sold a minority stake to US investment firm Dynasty Equity in September 2023. During the time, FSG President Mike Gordon expressed their target for only an investment partner and not for a potential buyer. 

“Our long-term commitment to Liverpool remains as strong as ever. We have always said that if there is an investment partner that is right for Liverpool then we would pursue the opportunity to help ensure the club’s long-term financial resiliency and future growth,” he said.

Under the Group, Liverpool has re-established itself as one of the leading clubs in Europe. The English club won its first English league title in 30 years in 2020, a season after winning the Champions League title.

Reactions to Elon Musk’s Interest in Liverpool FC

Reacting to the statement from Elon Musk’s father, Sky Sports News chief reporter Kaveh Solhekol said that Liverpool is not for sale and that the owners have not received any offers or approaches from anyone, including Elon Musk or any members of his family.

“It is true to say that around two-and-a-half years ago, Liverpool’s owners were looking for some outside investment but nothing came out of those talks.A couple of years ago John Henry, the owner of FSG, came out and said the club was not for sale. He also said they would not own Liverpool forever but there is no indication, at the moment, that they are interested in selling the club whatsoever,” he expressed.

On the Tesla boss’ ability to manage the club, Kaveh pointed out that Elon Musk has a good chance of maintaining Liverpool at the top spot considering his position as the world’s richest man.

“We know Elon Musk is the richest man in the world but he would need to pass the Premier League’s owners and directors test. He’s a controversial figure but if you look at the test, he would have a good chance of passing it. He would then need to clear the hurdle of an independent football regulator if we were to have one. He has so much money he can probably do what he wants,” the analyst added.

Kaveh expressed the challenges Musk would face even if he was able to purchase the club. He noted that the problem he would have is with Liverpool supporters because the club is rooted in the community.

 “They have supporters who believe in social justice, equality, and diversity. I'm not sure if those fans would accept someone like Elon Musk as the owner of their club," he concluded. 

Elon Musk’s influence has grown at large over the past year following the US Elections and the emergence of Donald Trump as the President-Elect. This saw Trump appoint Musk as a co-leader of the Department for Government Efficiency (“DOGE”) in November. The role which aims to create a more efficient government and cut wasteful expenditures has added more influence to the world’s richest man who donated funds to Trump’s presidential campaign. 

With Musk, former Republican presidential candidate Vivek Ramaswamy will co-lead the new department. Ramaswamy, the founder of a pharmaceutical company, ran for the Republican presidential nomination against Trump. He threw his support for Trump after dropping out.

Ranked by Forbes as the richest person in the world with a valuation of $424.90 billion, Elon Musk already stood to benefit from Trump’s victory. Adding a government portfolio to his status benefited the market value of his companies and favoured businesses such as artificial intelligence and cryptocurrency.

“It’s clear that Elon Musk will have a massive role in the Trump White House with his increasing reach clearly across many federal agencies. We believe the major benefits for Musk and Tesla far outweigh any negatives as this continues to be a ‘poker move for the ages’ by Musk betting on Trump,” equity analyst, Daniel Ives said.

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