29 January 2013

Manchester United Becomes First Team Valued At $3 Billion

Manchester United Becomes First Team Valued At $3 Billion

Shares of the English soccer team, which were offered to the public last August at $14, did poorly at first but have soared the past few days. Last seen at just under $17, Manchester United's stock has outperformed the S&P 500 since its IPO and made the controlling Glazer family and legendary investor George Soros, who bought a big stake in the team shortly after it went public, wealthier. .......