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| THE RED DEVILS |
According to the information gathered from the Nation News paper, Manchester united have retained their title as the world’s most valuable sports team. Manchester united is rated very high in their finance which is valued at £1.43billion. The rating of their financial status demonstrated by them, is valued £250m more than Real Madrid.
But irrespective of their drastic increase in cash, Man-u as popularly called were still in debt of £424m as of March. Measures have been taking by them to help reduce its heap of debt by listing on the New York stock exchange .
The red Devil’s high status is made possible by financially buoyant sponsors. Their shirt sponsors have agreed a 1 year contract worth £19.8m until 2014 and many big and mouth watering proffers have been coming their way ever since. I guess the red devil’s are really making a good name for themselves.
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