Manchester United Becomes First Team Valued At $3 Billion

Manchester United Becomes First Team Valued At $3 Billion
News
Like Us On Facebook
Like Us On Facebook

A week removed from witnessing the first NBA teams see their franchise valuation rise above the $1 million mark – the New York Knickerbockers and the Los Angeles Lakers – we are now graced with news of a franchise that trumps these two.

The English Premier League’s Manchester United F.C. has become the first sports franchise in the world with a $3 billion valuation, according to Mike Ozanian of Forbes on Monday.

“Shares of [United], 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…wealthier.”

The recent increase in its stock price has pushed Manchester United’s enterprise value – equity plus debt – to $3.3 billion, the highest of any team in the world. The second most valuable sports team in the world is the NFL’s Dallas Cowboys who are worth $2.1 billion.

Manchester sits atop the EPL, five points ahead of crosstown rival Manchester City. The acquisition of Robin van Persie has bolstered the attack, as the exciting Red Devils lead the Premiere League with 57 goals in just 23 matches on the season.

As if the Red Devils weren’t already a franchise to admire, this is yet another accomplishment to add to the list.

Wayne Rooney and Cristiano Ronaldo are both notable players worldwide who have competed for the Football Club.

Joseph Turuseta | Elite. 

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Julian Sonny

From the sandy beaches of Hawaii, to the streets of New York: Julian has seen it all. His lifetime of travels has given him a broad scope of knowledge and an eclectic taste unlike any other in the tri-state area. Julian has often been compared to cultural icon, The Rock, because of his unequivocal work ethic and warrior-like stature.

More In News

World Sean Levinson

WTF: People Find 102 Snakes Slithering Around Their House (Photos)

A Canadian family found 102 snakes in its home last weekend when the reptiles attempted to hibernate for the winter. CBC News reports that the Regina, Saskatchewan, family initially came upon just a few of the harmless garter snakes in the basement and then uncovered many more wriggling around in crevasses in the kitchen and […]

World Emily Arata

Ikea Is The Perfect Setting For The Ultimate Haunted House (Video)

In a single-shot homage to the horror movie classic, “The Shining,” IKEA announced its stores in Singapore are open until 11 pm and there will be an IKEA Halloween Spot & Win Context. As a little boy rides his tricycle through a dark and empty store, he sees skeletons, ghosts of parties past and even […]

Also On Elite

World

Lyft Drivers Are Burning Their Pink Mustaches To Protest The Company (Photos)

Lyft is currently one of the “Technically Not a Taxi Service” services that is allegedly threatening the livelihood of cab drivers around the world who don’t patrol the streets with giant pink mustaches attached to the front of their cars. The pink mustache has become a central part of the friendly, laid-back image the company […]

Goods

This Handbag Looks Normal, But Is Actually A Flask That Can Fit A Full Bottle Of Booze

People have been figuring out ways to smuggle alcohol into places ever since we figured out how to convert a bunch of crushed grapes into happy juice, largely because alcohol makes everything more enjoyable (until it ruins your entire life). Most of this “smuggling” has traditionally involved water bottles full of vodka, although there are […]

Women

Talk To Me, Not At Me: 18 ‘Catcalls’ Women Might Actually Respond To

Ah, catcalls. To the foreigner not well-versed in English idioms, a catcall is, indeed, a hiss at a woman, like one would do to a cat. Many times, however, it can include howling, barking and screaming sexually-explicit demands. There are few differences in the way men talk to women and stray cats. However, while they […]

World

Daredevil Teen Lies Down On Tracks, Lets Speeding Train Pass Over Him (Video)

It’s no secret that teenagers do a lot of stupid sh*t. Apparently, there’s science behind it — the teenage brain isn’t fully formed, or something like that — but nothing excuses what you’ll see in the above video. It shows an Italian teen lying down on train tracks in Perugia, Umbria, as a train speeds over […]

Women

5 Ways The Hook-Up Culture Is Empowering This Generation Of Women

After my freshman year of college, I decided I was sick and tired of girls being labeled for hooking up with men. Frankly, I was shocked that women were being labeled as sluts, whores and other degrading titles for doing the same exact things as our male counterparts. Men weren’t the only ones labeling women; […]