You have to hand it to the British football commentators. Summing up the extraordinary game between Manchester United and Brentford – which the West London club won 4:0 – one commentator said ‘Manchester United: played two, lost two and humiliated too’.
It’s only the second game into the season, and one of the British Premier League’s most storied clubs has been beaten by a side which only graduated to the top level earlier this year, where they have only been once before – in 1946.
And how could things get worse for Manchester United? Enter Elon Musk. Right out of the far, far left field, Musk tweeted that he intended to buy the club. That’s not such bad news, I hear you say. And neither did the market think so, since United’s share price shot up 17% in premarket trading. Interestingly, the club’s share price dropped after the denial, but is still higher than it was before Musk’s intervention, by about 4%, and that is worth thinking about.
There has also been one huge regulatory change. Not too long ago, the US Supreme Court found that the federal ban on sports betting was illegal, and left it to the states to decide what to do. Over the past six years or so, US states have been considering the issue, and over a third have decided to permit sports betting – with a whole bunch about to change their laws. Sports betting has been legal in the UK for ages, and the global trend is to allow it.
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