Manchester United enjoying its roaring stock for the first time since it went public in August last year; its stock has soared by more than 24% in two weeks to redefine the valuation of English club. Record wise, it has now crossed the 3 billion mark and become the first sport’s club in the history to reach that level. NFL’s Dallas Cowboys are closely following it with little more than 2 billion and Real Madrid is third closely following soccer club with just under 2 billion in valuation. World known investor George Soros, who bought around 3.1 million shares of Red Devils when it was listed in the stock exchange, would now be a happy man by looking at his rising stocks. Initially, his move to invest in a soccer club was heavily criticized from every corner; perhaps many labeled him as an insane business tycoon who is risking his millions of dollars on an unstable sporting club. America business magazine Forbes issued the latest valuations of top soccer clubs; it also mentioned the … [Read more...]