Portions of the English soccer club Manchester United momentarily rose by as much as 17% in premarket exchange Wednesday,

after Tesla CEO Elon Musk facetiously tweeted that he would purchase the club.

"Additionally, I'm purchasing Manchester United ur welcome," the extremely rich person composed on Twitter. Hours after the fact,

Musk answered a Twitter client inquiring as to whether he was not kidding about purchasing the club and explained that it was a joke.

"No, this is a long-running joke on Twitter. I'm not accepting any games groups," he tweeted, prior to adding:

"In spite of the fact that, assuming it was any group, it would be Man U. They were my fav group as a youngster."

Manchester United shares, which are exchanged under the shortening MANU on the New York Stock Exchange,

were up 3.68% in premarket exchange as of 4:30 a.m. ET, paring acquires after at first flooding 17% after the tweet.

In view of the club's latest financial exchange valuation, purchasing Manchester United would have cost Musk around $2 billion.

Manchester United declined to remark regarding this situation when reached by CNBC.