Manchester United breaks the bank again, becoming the world's first sports team valued at more than $3 billion, Forbes reports.
Forbes says that puts Man U comfortably ahead of America's team, the Dallas Cowboys, in second place at $2.1 billion. However, last April, the Los Angeles Dodgers were sold for $2.15 billion.
"Despite a drop in first quarter earnings because of a reduction in television revenue, the appetite for shares of the 19-time English champion has increased due to better earnings, new sponsorship deals with Japan's Kansai, and China Construction Bank, and the potential of much more lucrative English Premiership (Manchester United currently is in first place) and Champions League payouts this year," Forbes concludes.
According to ESPN's Press Association, big winners behind Man U are the Glazer family, with a controlling interest in the club, and billionaire investor George Soros, with a 7.5% stake.
Last week, Forbes' NBA valuations had the New York Knicks and Los Angeles Lakers each passing $1 billion.
Copyright 2012 USATODAY.com
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