The world’s most popular sporting team also continues to be the world’s most valuable! Manchester United is a publicly traded club whose majority owners are the Glazer Family, who also owns the Tampa Bay Buccaneers. The team moved it’s trading from Singapore last year to the New York Stock Exchange. After a poor initial offering, the club’s stock is up over $3 to $17 per share.
The Glazer’s started ratcheting up it’s takeover in 2003. By 2005, they had a controlling interest. Despite the local fans heavy disdain for the skyrocketing ticket prices, up 40% since 2005, the football club’s value has continued to climb. It is the first sporting team to be valued at over $3 Billion. As the game of soccer continues to make waves into the mainstream sports world in America, it has a clear hold on the world. The Red Devils boast over 600 Million world wide fans. American companies, on the other hand, are well aware of the value of English soccer’s most storied club. Apparently, though it’s companies that are poorly ran! AIG, the insurance company that was bailed out by the American taxpayer, was a former jersey sponsor prior to the current AON. In 2014, General Motors, will take over Manchester United sponsorship deal that cost the car company $559 million! The team is so valuable that DHL paid $60 million to sponsor their practice jersey’s for 4 years….I’m Talking Practice!