© EuroFootball.com
"Manchester United" has become the first sports team in the world whose value has reached the $3 billion mark. Due to the rise in stock price, the market price of the "Red Devils" has jumped to $3.3 billion, as announced by the influential magazine "Forbes".
"Man Utd" surpasses the American football club Dallas "Cowboys" by more than one billion dollars, with an estimated value of $2.1 billion.
"Man Utd" shares were initially sold for $14, but currently their price is close to $17 per share. This has led to a significant increase in the wealth of "United" owners - the Glazer family and billionaire investor George Soros, who is ranked 22nd on the list of the richest people in the world and has acquired a 7.5% stake in "Man Utd".
Commercial agreements with Japanese and Chinese companies, the full acquisition of "MU" television rights from "Sky", qualification for the knockout stages of the UEFA Champions League, leadership position in the English championship, and a new agreement with the "Premier" league for broadcasting matches have all contributed to the rise in the price of "Man Utd" shares.
In August, the Glazers sold an initial 10% stake in the club, but "United" vice chairman Ed Woodward states that they are not planning to sell "Man Utd" club for "many, many years to come".
