Published: Sat, July 15, 2017
Tech | By Constance Martin

Man Utd named third most valuable sports team

Man Utd named third most valuable sports team

Next are three soccer clubs: Manchester United ($3.69 billion), Barcelona ($3.64) and Real Madrid ($3.58).

After just cracking Forbes list of the world's 50 most valuable sports teams in 2016, the Jacksonville Jaguars have climbed eight spots to land at the No. 42 spot of this year's edition of the list. This is the second straight year Jerry Jone's team has been at the top of the list.

National Football League teams are growing at a rapid rate in value in recent years, despite the drama around concussions over the last few seasons.

They ranked 27th on the list with an estimated value of $2.3 Billion, an increase of 19% from a year ago. Ahead of the 2015-16 season, Adidas became United's new kit sponsor worth almost $1 billion over the next 10 years.

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The Gunners' value fell 4 percent to $1.93 billion largely due to the decline in the British pound following Britain's vote to leave the European Union.

The Los Angeles Rams (formerly of St. Louis) made the list at No. 12 overall, and valued at $2.9 billion.

The NFL dominates the list, with 29 of the 50 most valuable sports franchises in the world.

"Credit the massive profitability across the league - every team turned a profit of at least $26 million for the 2015 season", the Forbes article says.

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