Manchester United Becomes First Team Valued At $3 Billion

Manchester United Becomes First Team Valued At $3 Billion
News

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

The Flyer About Jews Needing To Register In East Ukraine Is Thankfully Fake

Western intervention in Ukraine seemed like a distinct possibility yesterday when it was reported that the Jewish community in the eastern city of Donetsk, currently occupied by pro-Russian militants, was given leaflets saying that they would be deported if they did not register with what is calling itself the city’s temporary government. But according to […]

World Sean Levinson

The Underwater Search For MH370 Could Cost A Quarter Billion Dollars

An underwater vehicle made by a private American company is currently searching for missing Malaysia Airlines Flight 370. It has come up with nothing after four missions covering nearly 50 square miles of sea. If the US continues employing private companies to search for the plane, it could cost a quarter of a billion dollars. […]

Also On Elite

Strategy

Bad Credit 101: How To Recover From Your Bad Credit Standing

Checking your credit report is very essential because your credit score is an important factor that most lending businesses and banks consider when you apply for a loan. Whether the loan is for your mortgage or a new car, creditors and banks check your credit score to determine whether you are eligible and what interest […]

Film

The Alternate Ending Theory To ‘Harry Potter’ Will Blow Your Mind

You know something is good when it’s over and the people can’t stop talking about it. From “Breaking Bad” to “True Detective,” we’re beginning to witness the sign of what makes certain entertainment soar among the rest: immortality. That’s right, even when our favorite characters die, their legacy lives on forever as fans try to […]

Women

The 10 Signs You Are Ready To Be Single And Proud Of It

Prefer listening to your headphones instead of someone else talking? Are your cell phone and a steady job the only things you want to hold? Congratulations lady, you should be single and proud! You don’t need someone else to tell you your outfit is too revealing — you’ve got a mirror for that! You don’t […]

Humor

This Kid Just Gave The Perfect Explanation As To Why Adults Are Weird

This kid’s brief and wondrous response to a journal prompt is unreal. Distractify shared a child’s answer to the simple question, “Grown-ups are weird because…” A far cry from sophomoric, the answer is sagacious. Why should we stand on ceremony of put up a front when it comes to our emotional sensibilities? This is a […]

Sex

7 Honest Reasons You Still Haven’t Gotten Over Your Past Relationship

If you ever find yourself heartbroken, 18 and back in the year 2007, I would highly recommend not listening to One Republic’s “Apologize,” or Band of Horses’ “No One’s Gonna Love You” on repeat, alone in your dorm room. It was like I was purposely sabotaging myself from feeling better. Listening to the lyrics, “No one is ever […]