United still world’s most valuable club
LONDON: Manchester United have been ranked football’s most valuable team by Forbes magazine for the sixth straight year as a group of investors and fans try to buy the heavily indebted club.
The American business magazine’s valuation is US$1.8bil, but the Glazer family owners are resisting the hostile Red Knights campaign to buy the 18-time English champions and their debt of US$1.1bil.
Based on Forbes’ estimation, which takes into account revenue growth, profitability and debt levels in the 2008-09 season, United are the most valuable sports team in the world.
Real Madrid are second in the football list at US$1.323bil, with Arsenal third at US$1.181bil – the same top three as last year.