Man Utd world's first team to top $3 bln in value: Forbes

Tue Jan 29, 2013 5:31am IST

Manchester United's Wayne Rooney (C) is congratulated by team mates after scoring during their FA Cup fourth round soccer match against Fulham at Old Trafford in Manchester, northern England, January 26, 2013. REUTERS/Phil Noble

Manchester United's Wayne Rooney (C) is congratulated by team mates after scoring during their FA Cup fourth round soccer match against Fulham at Old Trafford in Manchester, northern England, January 26, 2013.

Credit: Reuters/Phil Noble

Related Topics

REUTERS - English Premier League soccer 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 (www.forbes.com/)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 Exchange.

United shares closed 41 cents lower at $16.48 in New York on Monday.

(Reporting by Frank Pingue in Toronto; Editing by Ian Ransom)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

TENNIS

Reuters Showcase

'Lion King' Returns

'Lion King' Returns

South Korea set for return of 'Lion King' - report.  Full Article 

Impressive Comeback

Impressive Comeback

Phelps impresses in first international comeback race.  Full Article 

Tour of Britain

Tour of Britain

Treble Tour de France stage winner Sylvain Chavanel to ride Tour of Britain.  Full Article 

Motor Racing

Motor Racing

Chilton to race at Spa after all.  Full Article 

Suspect Action

Suspect Action

Zimbabwe's Utseya reported for suspect action - ICC.  Full Article 

Disputed Action

Disputed Action

Ajmal misses first Sri Lanka ODI for tests on action.  Full Article 

Golf Update

Golf Update

McIlroy struggles in opening round at The Barclays.  Full Article 

Steyn Returns

Steyn Returns

Steyn, Morkel back for South Africa in triangular series  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage