RSL Cup blog taking a long much needed break

I've been a fan of Real Salt Lake since it joined MLS and took to the field in 2005, and I've been a fan of MLS since it began in 1996.

However, over the past couple of years, and especially the last several months, I've began to see the ugly underbelly of this sport. Most likely it has always been there and I was just too naïve to see it, but I cannot not see it anymore.

I'm taking a much needed break from the sport of soccer. I may or may not be back. I may or may not update this blog, I don't know. It would be a shame since I've had it up and running for almost 10 years, but the fun I once had just isn't there any more.

Hopefully you fare better.

Thursday, January 31, 2013

Man U value exceeds 3 billion

(espn.go.com 1-28-13)

Manchester United has become the first sports team in the world to be valued at more than $3 billion, Forbes Magazine reported Monday.

A surge in the club's shares after a poor start when they were offered on the New York Stock Exchange in August has seen the overall value of United rise to $3.3 billion.

According to Forbes, United is comfortably ahead of the world's second-most-valuable sports team, the NFL's Dallas Cowboys, worth $2.1 billion.

The United shares were initially offered to the public at $14 and are now worth just under $17. The market cap -- or the outstanding value of the team's market share -- is $2.78 billion.

The demand for shares of the 19-time English champion grew after better earnings and new sponsorship deals with Japan's Kansai and China Construction Bank, despite a drop in first-quarter earnings because of a reduction in television revenue.

Demand for shares may continue because of the club's EPL standings and Champions League potential.

It means a huge increase in the overall wealth of the Glazer family, which has a controlling interest in United, and billionaire investor George Soros -- the 22nd richest person in the world -- who bought a 7.5 percent stake in the club.

The Glazers sold 10 percent of their shares in the initial public offering sale in August, but United vice chairman Ed Woodward insisted in October the family will not sell the club for "many, many years" despite ongoing interest.

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