Published January 29, 2013, 06:58 AM
MAN U first $3 billion franchise
Manchester United has become the first sports team in the world to be valued at more than $3 billion, Forbes Magazine reported Monday.
MANCHESTER, England (AP) — Manchester United has become the first sports team in the world to be valued at more than $3 billion, Forbes Magazine reported Monday.
A surge in the club’s shares after a poor start when they were offered on the New York Stock Exchange in August has seen the overall value of United rise to $3.3 billion.
According to Forbes, United is comfortably ahead of the world’s second-most-valuable sports team, the NFL’s Dallas Cowboys, worth $2.1 billion.
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