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Manchester United 'is world's most valuable sport club' | Manchester United 'is world's most valuable sport club' |
(1 day later) | |
Manchester United is the most valuable club in sport, according to Forbes magazine, which values the Premier League club at $2.23bn (£1.43bn). | Manchester United is the most valuable club in sport, according to Forbes magazine, which values the Premier League club at $2.23bn (£1.43bn). |
United is rated top thanks to lucrative global sponsorship deals, including with Aon, Turkish Airlines, and DHL. | |
Second is Real Madrid at $1.88bn, with baseball team the New York Yankees and American Football club the Dallas Cowboys joint third on $1.85bn. | Second is Real Madrid at $1.88bn, with baseball team the New York Yankees and American Football club the Dallas Cowboys joint third on $1.85bn. |
Fifth placed is American Football team the Washington Redskins at $1.56bn. | Fifth placed is American Football team the Washington Redskins at $1.56bn. |
Earlier this month Manchester United applied to list on the US stock market in a share sale aimed at raising a minimum $100m (£64m). | Earlier this month Manchester United applied to list on the US stock market in a share sale aimed at raising a minimum $100m (£64m). |
In documents filed with the Securities and Exchange Commission, the Premier League giant said it was listing on the New York Stock Exchange. | In documents filed with the Securities and Exchange Commission, the Premier League giant said it was listing on the New York Stock Exchange. |
The club had earlier explored the possibility of a $1bn flotation on the Singapore stock market. | The club had earlier explored the possibility of a $1bn flotation on the Singapore stock market. |
United, among the best-supported clubs in the world, said it would use money from the listing to repay debt. | United, among the best-supported clubs in the world, said it would use money from the listing to repay debt. |
The club has been controlled since 2005 by the Glazer family, the billionaire US sports investors who also own the Tampa Bay Buccaneers American football franchise. | The club has been controlled since 2005 by the Glazer family, the billionaire US sports investors who also own the Tampa Bay Buccaneers American football franchise. |
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