Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Football | Barclays Premier League

United world's first team to top $3 billion



English Premier League club Manchester United are the world's first professional sports team to be valued at more than $3 billion, according to Forbes Magazine.

A recent surge in the club's shares after a poor start when they were offered on the New York Stock Exchange last year has boosted Manchester United's value to $3.3 billion, a report on Forbes's website said on Monday.

The increase has United, English champions a record 19 times, comfortably ahead of the world's second-most valuable sports team, the National Football League's Dallas Cowboys, worth $2.1 billion.

Forbes put the surge in United shares down to brighter earnings prospects from new sponsorship deals and said the demand could continue given the team's potential for lucrative payouts in the EPL and Champions League.

United, who claim to have 659 million followers worldwide, are owned by the American Glazer family who retained a tight grip on the club after the flotation on the New York Stock



Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Event Streaming

Channel Streaming

Other Live Streaming

Event Streaming

Channel Streaming

Sports Talk



Segun Odegbami
Nigerians must wake up
Last week, I wrote about the fairytale story of Leicester City’s incredible season in the just...

Dr Errol Sweeney
The Ref and Sir Alex
They say a picture paints a thousand words, and there’s another one that says there’s no smoke...

Sunday Oliseh
Is Pep's failure tag justified?
How on earth can a coach who won so much for his club be called a failure by some extreme...

Calvin Emeka Onwuka
Leicester has changed the game
Even with the fiasco of the abandoned match at Old Trafford, the curtains have come down on the...