Manchester United are the most valuable team in the world after signing a world record £750million kit deal with Adidas.
Wall Street values the Red Devils at £2.1billion after shares in the club rose to almost five per cent on Tuesday following their ground-breaking partnership announcement with the German manufacturers.
Adidas’ 10-year deal with United begins at the start of the 2015/16 season, ending American sportswear rivals Nike’s 13-year association with the club.
In April, Forbes magazine valued the Old Trafford outfit as the second most valuable team in the world at £1.77billion.
They were second to Real Madrid’s £1.92billion value, but that has changed following United’s deal with Adidas.
Despite missing out on Champions League qualification last season, the club commands the highest kit and sponsorship deals in the world – which includes their £53million-a-year deal with American car manufacturer Chevrolet.
Regardless of the club’s debt, Wall Street predicts that the Manchester outfit will stay at the top of this chart for years to come with Adidas boldly predicting they will record £1.5billion worth of replica shirt sales over the term of their contract.
In addition Forbes reports that over in Spain La Liga teams are looking to distribute their next television deal collectively rather than individually, which would dent Real and eternal rivals Barcelona’s financially power.
At present the Spanish duo generate around £106 million each in television revenue in comparison to current champions Atletico Madrid who earn £36million.
© 2014 Daily Mail | This article first appeared in the Daily Mail on 16 July 2014.