'Red Devils' became most valuable in universe

Manchester United are the world's first professional sports team to be valued at more than $3 billion (£1.91bn), according to Forbes Magazine.

A recent surge in the club's shares after a poor start when they were offered on the New York Stock Exchange last year has boosted Manchester United's value to $3.3 billion, Forbes's website said.

The increase has United, English champions a record 19 times, comfortably ahead of the world's second-most valuable sports team, the National Football League's Dallas Cowboys, worth $2.1 billion.




/The Telegraph/