adminNEW YORK.- If you’ve had thoughts about buying shares of Manchester United recently but thought the stock too expensive, this might be your opportunity.
Shares of the world’s most popular soccer team are down more than 5 percent the past week due to concerns over the Greece debt crisis.
Last seen at $17,72, the English soccer team’s enterprise value is $3,63 billion.
In a June interview on CNBC, money manager Ron Baron explained why he believes Manchester United will be worth $6 billion in about five years.
Baron was bullish on CNBC about the English soccer team in January as well because Manchester United “is the most popular television program in the world.”
Manchester United are controlled by the Glazer family, which owns the Tampa Bay Buccaneers of the National Football League.
Manchester United is worth $3,1 billion and no team on the planet has figured out how to make money from its brand like the Red Devils.
In 2014, Manchester United signed a record-shattering, 10-year dual global sponsorship and licensing deal with Adidas that begins with the 2015-16 season and guarantees the team at least an average of $110 million a year.
Two years earlier, Manchester United signed a seven-year shirt deal with Chevrolet that started paying the team an average of $75 million a year with the 2014-15 season. – Forbes.
Peter Tanyanyiwa
Online Reporter