A sports team worth $3 billion? Who would have thought it back in the 1970's or 80's?Well there is one now. Manchester United is the first sports franchise in the world worth more than $3 billion big ones on the market.
Forbes magazine is reporting that the English team is worth an estimated $3.3 billion dollars and will most likely keep going up.
Forbes reports "Manchester United is owned by the Glazer family, which in August sold 16.7 million shares in the team -- equal to a 10 percent stake -- for $14 each in an initial public offering. With the stock price rising to almost $17, Manchester United’s enterprise value has pushed past $3 billion."
The Dallas Cowboys come in second on the Forbes list at $2.1 billion.
Forbes magazine is reporting that the English team is worth an estimated $3.3 billion dollars and will most likely keep going up.
Forbes reports "Manchester United is owned by the Glazer family, which in August sold 16.7 million shares in the team -- equal to a 10 percent stake -- for $14 each in an initial public offering. With the stock price rising to almost $17, Manchester United’s enterprise value has pushed past $3 billion."
The Dallas Cowboys come in second on the Forbes list at $2.1 billion.