Manchester United Is First Team Worth $3 Billion, Forbes Says

Manchester United is the first sports franchise in the world worth more than $3 billion, according to Forbes magazine, which puts the record 19-time English soccer champion’s value at $3.3 billion.

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, Forbes said.

The National Football League’s Dallas Cowboys are the second-most valuable team in sports, worth $2.1 billion, according to Forbes.

To contact the reporter on this story: Erik Matuszewski in New York at matuszewski@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.