Manchester United F.C. May. Even after the cut, Manchester United was valued at $2.3 billion, making it the most valuable football club in the world. Manchester United are one of the most successful clubs in Europe in terms of trophies won. The club's first trophy was the Manchester Cup, which it won as Newton Heath LYR in 1886. In 1908, the club won its first league title, and won the FA Cup for the first time the following year. Manchester United won the most trophies in the 1990s; five league titles, four FA Cups, one League Cup, five Charity Shields (one shared), one
Glazer ownership of Manchester United 98% ownership of the club via their Red Football parent company, forcing a squeeze out of the remaining 2%. The final purchase price of the club totalled almost £800 million. Most of the capital used by Glazer to purchase Manchester United came in the form of loans, the majority of which were secured against the club's assets, incurring interest payments of over £60 million per annum. The remainder came in the form of PIK loans (payment in kind loans), which were later sold to hedge funds. Manchester United was not liable for the PIKs, which were held by Red Football