Manchester United Trust seeks 'real investment' as Ratcliffe shows interest

British billionaire Jim Ratcliffe expresses an interest in buying United after Tesla founder Elon Musk said a Twitter post in which he said he planned to buy the club was part of"a long-running joke".

The club's owners, the American Glazer family, are under pressure with United sitting bottom of league after two games of the new season. The Manchester United Supporters Trust has called on any new owner of the Premier League club must be willing to invest heavily to restore its former glory amid speculation of a sale by the Glazer family.

"Speculation is mounting about a potential change of ownership or new investors at Manchester United. Whilst supporters have called for change, of course this has to be the right change" MUST said in a statement on Thursday. "Any prospective new owner or investor has to be committed to the culture, ethos and best traditions of the club. They have to be willing to invest to restore United to former glories, and that investment must be real new money spent on the playing side and the stadium" the group explained.

They've already spent 500m pound on these players

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Jim Cramer explains why investors need to ditch speculative stocksCNBC's Jim Cramer explained why investors should sell their speculative stocks to buy more stable plays on Tuesday's episode of 'Mad Money.' Oil crash 00000 They will ditch themselves in most cases
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Swap speculative stocks for more boring plays even as market rallies, Jim Cramer says'It's time to take profits on the most speculative stocks in your portfolio and move that money into something more resilient,' the 'Mad Money' host said.
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