Forbes Magazine has valued Manchester United at $3.3 billion if you have that free as spare change!
Manchester United have been valued at over $3 billion, becoming the first football club in history to top that value.
It makes the Glazer owned club the most valuable team in sport and the large financial fee for anyone looking to buy the club is down to a variety of reasons.
United’s constant success has kept them at the top of the game in England and across Europe for a number of years, spanning numerous decades.
What this allows United to do is justify a constant high price range for various match day essentials such as tickets and sustenance. This all adds to the revenue and the value of the club.
The global brand of Manchester United is also more widespread than ever before with the club enjoying support bases in different countries and continents around the world.
It’s estimated that United have around 659 million fans around the world across all countries which makes them one of the most highly supported sports teams in history.
This increases the commercial aspect of the club in terms of sponsorship, advertising, creating an incredibly strong financial spine to the club, almost making it an immensely valuable commodity over anything else.
Sponsors know when they sign a deal with United that they are not just projecting themselves into the English market but markets in every country that the club has some sort of base in.
The Glazer family’s decision to float ten per cent of the club on the stock market has also increased the value of the football club.
Initially shares were selling in the United States for a fee of $14 per share to anyone wishing to buy them.
The continued success and consistency of the club in any aspect means the share value has risen to $17 which increases the value of the club, taking the current share values into consideration.
Some fans have debated the financial problems which have been caused by the Glazer’s who used borrowed money to originally buy the club. However, they cannot argue against the fact that United have been well developed in a business sense.
What do you see as the reasons behind United’s financial position?
image: © eirikref