manchestForbes magazine has revealed that English Premier League football club Manchester United are the world’s first professional sports team to be valued at more than $US3 billion.

A recent surge in the club’s shares after a poor start when they debuted on the New York Stock Exchange last year has boosted Manchester United’s value to $3.3 billion, thus increasing the clubs fortune.

National Football League’s Dallas Cowboys, worth $2.1 billion  are world’s second-most valuable sports team, the NFL’s Dallas Cowboys, worth $2.1bn .

Forbes attribute the surge in United shares to brighter earnings prospects from new sponsorship deals and said the demand could continue given the team’s potential for lucrative payouts in the EPL and Champions League.

United, who claim to have 659 million followers worldwide, are owned by the American Glazer family who retained a tight grip on the club after the flotation on the New York Stock Exchange.

United shares closed 41 cents lower at $16.48 in New York on Monday.

(Edited report)

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