and J W Henry got a bargain.
How much did the Great Recession whack pro sports? It depends on who you ask. Many teams have suffered downturns in revenue and valuation, but for the richest franchises, life is still good.
Despite the wretched economy, the roster of clubs worth more than a billion dollars has remained stable. In fact, membership grew by one (to 25) since last January, with Germany's Bayern Munich soccer club joining four other European soccer franchises, the New York Yankees and 19 NFL teams.
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Topping the list for the second straight year is Manchester United, the English Premier League soccer powerhouse that boasts a worldwide fan base. Man-U's valuation grew 4% to $1.87 billion between April 2008 and April 2009 on a 9% increase in revenue. Other billion-dollar soccer clubs include Real Madrid ($1.35 billion), Spain's historic power, and the Premier League's Arsenal ($1.2 billion) and Liverpool (just over $1 billion; finishing just out of the top 10)
from http://www.forbes.com/2010/01/12/manchester-united-yankees-cowboys-business-sports-valuable-teams.html?boxes=Homepagetopspecialreports
How much did the Great Recession whack pro sports? It depends on who you ask. Many teams have suffered downturns in revenue and valuation, but for the richest franchises, life is still good.
Despite the wretched economy, the roster of clubs worth more than a billion dollars has remained stable. In fact, membership grew by one (to 25) since last January, with Germany's Bayern Munich soccer club joining four other European soccer franchises, the New York Yankees and 19 NFL teams.
Article Controls
Topping the list for the second straight year is Manchester United, the English Premier League soccer powerhouse that boasts a worldwide fan base. Man-U's valuation grew 4% to $1.87 billion between April 2008 and April 2009 on a 9% increase in revenue. Other billion-dollar soccer clubs include Real Madrid ($1.35 billion), Spain's historic power, and the Premier League's Arsenal ($1.2 billion) and Liverpool (just over $1 billion; finishing just out of the top 10)
from http://www.forbes.com/2010/01/12/manchester-united-yankees-cowboys-business-sports-valuable-teams.html?boxes=Homepagetopspecialreports