Gold Trafford: Man Utd is the world's most valuable sports team...

MANCHESTER UNITED have been named the most valuable sports team in the world.

The Red Devils are worth a mind-boggling £1.165BILLION - eclipsing giant American franchises like the Dallas Cowboys and New York Yankees.

The assessment of United's worth takes in the value of the team, stadium, income and sponsorship deals it attracts.

 It is good news for the Glazer family, who bought the club for £790m in 2005. However, they also plunged it into debt and United are still in the red to the tune of around £500million. More...

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