After a poor start when United offered shares on the New York Stock Exchange in August of last year, the club saw a surge in shares bought and this has been a key factor in the Red Devil's worth. Forbes has listed the NFL team Dallas Cowboys as the world's second richest club, but United do have a sizeable lead, with Dallas being valued at $2.1 billion.
United have seen demand for shares increase due to better earnings and new sponsorship deals with Japan's Kansai and China Construction Bank. The demand for the shares could also see a marked increase given United's current and projected standing in the Premier League and their Champions League potential. This increase in the club's worth will also see the Glazer family (the owners of United) increase their wealth as well. According to club officials the family has no intention of selling the club for many years.
No related posts.
Short URL: http://sport-ne.ws/pb8