By Manchester Evening News | 28 Jan 2013 15:22
Manchester United have become the first sports team in the world to be
valued at more than 3billion US dollars.
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 3.3billion US dollars (£2.1billion).
According to Forbes, United are comfortably ahead of the world's second-
most-valuable sports team, the NFL's Dallas Cowboys, worth 2.1billion
dollars (£1.4billion).
The United shares were initially offered to the public at 14 dollars and are
now worth just under 17 dollars.
It means a huge increase in the overall wealth of the Glazer family, who
have a controlling interest in United, and billionaire investor George Soros
- the 22nd richest person in the world - who bought a 7.5 per cent stake
in the club.
United's commercial growth appears to be driving the share price up, with
the club announcing several new sponsorship deals since August,
qualifying for the Champions League knockout stages, and with the
prospect of the new bumper Premier League television deals that are
coming on stream from August.
The Glazers sold 10 per cent of their shares in the initial public offering
sale in August but United's vice-chairman Ed Woodward insisted in
October the family will not sell the club for "many, many years" despite
ongoing interest.

front page please! if na chelsea news now,mods for don carry am go front o!

Wow! Congrats to the Man United executives for this feat.
Someday Chelsea will be valued that high.