Jan. 29 (Bloomberg) -- 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.
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