Forbes magazine: Manchester United worth $3.3 billion
Perennial soccer powerhouse Manchester United is the first sports franchise in the world to be worth more than $3 billion, reports Forbes Magazine.
Manchester United, owned in part by the Glazer family and investor George Soros, are worth $3.3 billion thanks to an increase in stock performance.
With a value of $2.1 billion, the Dallas Cowboys of the National Football League are the second most valuable sports team.
Shares of the English soccer team, which were offered to the public last August at $14, did poorly at first but have soared the past few days. Last seen at just under $17, Manchester United’s stock has outperformed the S&P 500 since its IPO and made the controlling Glazer family and legendary investor George Soros, who bought a big stake in the team shortly after it went public, wealthier.