Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Manchester United Valued At $3 Billion

Tue 29th Jan 2013 | Money & Finance

Manchester United has become the first sports team in the world with a $3 billion valuation according to Forbes.

Shares of the current Premier League leaders, which were offered to the public last August at $14, traded 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, bucking the trend of publicly traded sports teams which have traditionally been bad investments.

The recent increase in its stock price has pushed up Manchester United’s enterprise value (equity plus debt) to $3.3 billion, the highest value of any team in the world

Last week Manchester United were placed third in the Deloitte annual Football Finance League behind Spanish giants Real Madrid and Barcelona, but despite a drop in first quarter earnings because of a reduction in television revenue, the appetite for shares of the 19-time English champions has increased due to brighter earnings prospects from new sponsorship deals with Japan’s Kansai, and China Construction Bank, and the more lucrative Premier League  and Champions League payouts this year.

Posted by: Aaron Gourley

Subscribe to our newsletter

 

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Premier League Revenues Grow But Losses Return

Thu 20th Apr 2017 | Money & Finance

Premier League clubs’ revenues increased to a new record of £3.6bn in 2015/16, according to Deloitte, the business advisory firm. Analysis of the financial results of Premier League clubs...

7 Tips From The Best Online Football Merchandise Stores

Thu 13th Apr 2017 | Money & Finance

CEO, Lewis Holland and the team at DiscountIF team have been studying various merchandise stores of football clubs in the UK. This article was originally posted here. We’ve compiled a short list...

Newcastle United Posts Profit As Turnover Falls

Thu 6th Apr 2017 | Money & Finance

Championship table toppers, Newcastle United have posted a profit of £4.6m for the year ending June 2016. However, the profit after tax for the year of £4.6m was down from the £32.5m...

Newcastle & Brighton: Who's Really Top Of The Championship?

Thu 30th Mar 2017 | Money & Finance

The following is a guest post by CEO of DiscountIF , Lewis Holland. He and the team at DiscountIF have continued to analyse the merchandise space and identify who’s doing their job well and who...