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Manchester United

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Manchester United is an English professional football club, based in old Trafford, Greater Manchester that plays in the premier league. The club plays its home games at Old Trafford, which has a capacity of 75,765. During the clubs History they have won 60 trophies to become the most decorated side in English football.

Manchester United football club was first founded in 1878 under the name Newton Heath LYR (Lancashire and Yorkshire Railway). Financial problems plagued the new born club and by the start of the twentieth century it looked as though the club was destined for extinction. The club was saved however by a local business man name John Henry Davis. Davis decided to invest in the club in exchange for a say in the running of the club, this ultimately led to a name change and Manchester United was born in April/May 1902. The club moved to Old Trafford in 1910, were it has remained ever since.

Manchester United was first floated on the London Stock exchange in 1991, until its takeover by the Glazer family in 2005. The initial value of the club at its launch in 1991 was £48 million and this rose to £790 million in 2005 when the club was bought by its current owners and removed from the London Stock Exchange. On the 10th of Aug, 2012 the club was launched on the New York Stock Exchange at a value of $14 dollars a share. After the launch, the stock performed poorly dropping back from the initial asking price of $14 to a low of $12 dollars a share in November 2012. Since then the stock has performed very well reaching a high of $19.34, before dropping back to an average of $17 a share.
In January 2013, the club became the first sports team to be valued at $3 billion by Forbes. Forbes magazine valued the club at $3.3 billion, which is $1.2 billion more than the next most valuable sports team.

During Manchester United’s 135 year history they have won

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