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Manchester United Becomes First $3 billion Sports Franchise
Posted on 1/28/13 at 9:53 am
Posted on 1/28/13 at 9:53 am
LINK /
quote:
Manchester United has become the first sports team in the world with a $3 billion valuation.
Shares of the English soccer team, which were offered to the public last August at $14, did poorly at first but have soared the past few days. Closing 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, who bought a big stake in the team shortly after it went public, wealthier.
The recent increase in its stock price has pushed up Manchester Untied’s enterprise value (equity plus debt) to $ $3.3 billion, the highest value of any team in the world. The second most valuable sports team in the world are the NFL’s Dallas Cowboys, worth $2.1 billion.
6
Posted on 1/28/13 at 9:53 am to trackfan
Incredible.
Posted on 1/28/13 at 9:54 am to trackfan
Posted on 1/28/13 at 9:56 am to trackfan
Wow. And they hate their owner....
Posted on 1/28/13 at 9:56 am to trackfan
Posted on 1/28/13 at 9:59 am to The Mick
They hate him because he's American and he basically took out a loan from the club to buy it. But United keeps spending like they always do and keep on winning, so it's just idiot fans being idiot fans.
Posted on 1/28/13 at 9:59 am to trackfan
frick the Glazers
Posted on 1/28/13 at 10:01 am to BluegrassBelle
quote:
frick the Glazers
And Man U
Posted on 1/28/13 at 10:01 am to WarSlamEagle
quote:They just hate Americans over there, pure and simple.
so it's just idiot fans being idiot fans
Posted on 1/28/13 at 10:03 am to trackfan
I didn't even think they made money.
Posted on 1/28/13 at 10:03 am to The Mick
I forgot you were a United fan, Mick. Now I feel dumb for typing all that out.
Posted on 1/28/13 at 10:11 am to BluegrassBelle
quote:
frick the Glazers
Yep. Belle if you are ever in NOLA I can e-mail you one of the brother's address and you can egg his house.
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