Manchester United F.C. In July 2012, Manchester United was ranked first by "Forbes" magazine in its list of the ten most valuable sports team brands, valuing the Manchester United brand at $2.23 billion. The club is ranked third in the Deloitte Football Money League (behind Real Madrid and Barcelona). In January 2013, the club became the first sports team in the world to be valued at $3 billion. Forbes Magazine valued the club at $3.3 billion – $1.2 billion higher than the next most valuable sports team. They were overtaken by Real Madrid for the next four years, but Manchester United returned to
2007–08 Manchester United F.C. season 3–2. In August, League champions United contested the Community Shield against Chelsea, the winners of the previous season's FA Cup. The game finished 1–1 after 90 minutes, United winning the game on penalties. Manchester United started the season by drawing their opening two games against Reading and Portsmouth. United lost Wayne Rooney to a foot injury picked up against Reading and Cristiano Ronaldo to suspension after he was sent off for appearing to headbutt Portsmouth's Richard Hughes. A derby defeat to Manchester City saw the club slip into 17th place in the table. Results elsewhere pushed them into the relegation