Manchester United is a football club in England which is in Manchester. It is one of the richest clubs in world football. Nicknamed “Red Devils”, it is a club of stature and class and is often considered the greatest ever football club in England. It has a rich history with glorious moments.
However, in recent times, the glory seemed to be getting faded as they are struggling after the departure of Sir Alex Ferguson. They might struggle to win but that doesn’t change the fact that are one of the richest clubs in Europe alongside Real Madrid and Bayern Munich. In this article, we will get to know more about the net worth of the club.
Manchester United basic information:
Manchester United is a professional football club based in Old Trafford, in the Greater Manchester area. Founded in 1878 in the name of Newton Heath football club by the Lancashire and Yorkshire Railways. It is currently owned by the American wealthy family, the Glazers. It is a massive football club with a huge fanbase not only locally, but globally. Let’s check out the financial numbers behind the club.
Net worth and Market value:
According to the latest data provided by Forbes, it has a worth of $4.2 billion. With revenue of $643 million. The club is a quite high-earning entity that also has a strong financial organization. It has a debt of 16%. The club is controlled by the Glazers family. However, the club is quite infamous for its recent wage structure. It is quite absurd and needs to be fixed as soon as possible. According to Transfermarkt, its current market value of €790.25 million.
Overall the club is quite strong from the business perspective. But their struggle on the pitch is a concerning factor. Ralf Rangnick is the current interim manager and he will play a big role in the upcoming managerial appointment.