Iconic sports franchise to be sold at a value worth $6.5 billion

The value of sports franchises has continued to shoot up, and it’s showing again in what’s expected to be a minority sale of one the world’s most iconic teams. A 25% stake of English Premier League soccer club Manchester United will be sold to Ineos CEO Jim Ratcliffe by the Glazer family for $1.5 billion, according to a report by Sky News on Dec. 4. Manchester United is publicly traded and has a market cap of $3.3 billion.

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