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Manchester United 1st Team Valued at $3 Billion

AP Photo

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. Last seen 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...

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