Manchester United have become the first sports team in the world to be valued at more than US$3billion. A surge in the club's shares has seen the overall value of United rise to US$3.3billion (£2.1billion).

According to Forbes, United are comfortably ahead of the world's second-most-valuable sports team, the NFL's Dallas Cowboys, worth $2.1billion (£1.4billion).

The United shares were initially offered to the public at $14 and are now worth just under $17.

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

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