The Manchester United soccer club just saw their value shoot through the roof. Forbes Magazine reported on Monday that the English club is the most valuable sports franchise in the world and is the first to exceed a value of an incredible $3 billion. More specifically, Man U is valued at $3.3 billion.
They are $1.2 billion ahead of the second most valuable sports franchise in the world — the Dallas Cowboys.
It means a huge increase in the overall wealth of the Glazer family, who have a controlling interest in United, and billionaire investor George Soros — the 22nd richest person in the world — who bought a 7.5 percent stake in the club.
The Glazers sold 10 percent of their shares in the initial public offering sale in August but United vice chairman Ed Woodward insisted in October the family will not sell the club for “many, many years” despite ongoing interest.
It is mind-boggling to see a sports franchise receive such a high value, but when you consider everything involved it shouldn’t come as a surprise. American Football may be the most popular sport in the states, but soccer is the most popular sport in the world and Manchester United is one of the sport’s most well-known clubs.
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Tags: Manchester United