Manchester United plc (MANU, Financial) is an English Premier League professional sports team that generates revenue from broadcasting, sponsorship, and licensing. Manchester United is one of most popular soccer clubs in the world with more than 600 million fans. The value of live sports continues to rise globally, especially in the context of growth in DVR and on demand TV viewing. Going forward, we expect the company to benefit from higher international TV rights, new e-commerce and merchandising deals, a new direct to consumer mobile offering, and a broader roll-out of global brand licensing.
From Baron Discover Fund's fourth quarter 2015 commentary.
