30 Jan 2013

Manchester United cracks $US3 billion mark

12:53 pm on 30 January 2013

The English Premier League football club Manchester United is the world's first professional sports team to be valued at more than $US3 billion, according to Forbes Magazine.

A recent surge in the club's shares after a poor start when they were offered on the New York Stock Exchange last year has boosted Manchester United's value to $3.3 billion, according to Forbes.

The increase has United, comfortably ahead of the world's second-most valuable sports team, the National Football League's Dallas Cowboys, worth $US 2.1 billion.