Manchester United: The Most Expensive Team in the World Valued at $3 Billion
By Czarina Malleta | January 30, 2013 12:59 PM EST
According to Forbes, Manchester United becomes the first sports team with a value of $3 billion.
They are most certainly one of the greatest soccer player teams out there but The Red Devils also became the most expensive team in the world today. With a value of $3 billion, they managed to beat other famous teams like the Arsenal and NFL's Dallas Cowboys.
Last August, shares of the soccer team were offered to the public at $14. Although it did poorly at first, the number soared and picked up the next couple of days. With the recent push of its value at the stock market, Manchester United's enterprise value peaked to a staggering $3 billion, which is the highest value of a team in the world so far.
Manchester United definitely proved that along with their great play and pitch on the field, 19 English Premiership Titles and over 659 millions of fans worldwide, investing on the team would be counter-productive.
Owned by the Glazer Family and controlled by investor George Soros, everyone behind the team is surely wealthier.
Other teams who made it to the 1 billion cut are real Madrid, New York Yankees, Dallas Cowboys, Washington Redskins, Los Angeles Dodgers, New England Patriots, Barcelona, New York Giants, Arsenal, Bayern Munich, New York Jets, Houston Texans, Philadelphia Eagles and Ferrari.
However, steering away from the good news, Manchester United's Alex Ferguson was charged with misconduct by the Football Association. Apparently, Ferguson made nasty comments about an assistant referee at Tottenham Hotspur last January 20.
"The FA has today charged Sir Alex Ferguson in relation to post-match media comments made following Manchester United's game at Tottenham Hotspur on Sunday 20 January 2013. It is alleged the Manchester United manager breached FA Rule E3 in that he implied that the match official was motivated by bias. Ferguson has until 4pm on Friday 1 February 2013 to respond to the charge," a released statement from the Football Association revealed.
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