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

Champions League

REUTERS SHOWCASE

Sarita's Suspension

Sarita's Suspension

India hope to get boxer Sarita Devi's suspension reversed.  Full Article 

Fate in Balance

Fate in Balance

Caterham F1 factory closed, team's fate in the balance.  Full Article 

Wozniacki Wins

Wozniacki Wins

Wozniacki powers past Radwanska at WTA Finals.  Full Article 

Swiss Indoors Basel

Swiss Indoors Basel

Federer opens Basel campaign in style, Nadal progresses.  Full Article 

Close To Collapse

Close To Collapse

Crisis deepens at Caterham Formula One team.  Full Article 

Olympic Recognition

Olympic Recognition

Kosovo granted provisional Olympic recognition by IOC.  Full Article 

WTA Finals

WTA Finals

World number one Williams walloped by Halep   Full Article 

West Indies Trouble

West Indies Trouble

ICC 'concerned' by India-West Indies dispute  Full Article 

Reuters India Mobile

Reuters India Mobile

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