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South African Billionaire Advised To Buy English Club

South African Billionaire Advised To Buy English Club

South African-born businessman Elon Musk has been advised to purchase a certain English club.

Hollywood actors Ryan Reynolds and Rob Mcelhenney bought Wrexham in 2021 and the club secured promotion to the Championship on Saturday afternoon.

Read: De Bruyne Linked With Shock EPL Move

There have been a lot more American investors in English football in recent years, but football finance expert Dr Rob Wilson has revealed he spoke to Musk about purchasing League One side Cheltenham Town.

"I'd be amazed if Cristiano Ronaldo doesn't invest in an English football team. I would imagine he'll be trying to sniff around getting into a club like Manchester United as a strategic investment or a minority owner somehow," Dr Rob Wilson told Casino Games.

"As I said recently about Elon Musk potentially getting involved in football, Cheltenham Town is a massively undervalued asset with great financial fundamentals.

"So if an investor wants to look at a football club, they would do no worse than have a look at Cheltenham Town Football Club because it is really positioned nicely in a list of most attractive footballing assets. The reality for Musk or Ronaldo now is, with the greatest respect, it's pocket change to them because they are that wealthy. Now it can have a transformative impact on the club and bring a huge amount of benefit."

"But I don't really think you get that kind of investment return that you're looking for, because you're not looking for a few million, you're for tens of or hundreds or Champions League trophies that you can boast that you're the club that you've invested in as one."

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