China's Guangzhou Evergrande is now reportedly the most valuable football club in the world at $3.35 billion, ahead of Real Madrid, Barcelona and Manchester United, according to China’s official press agency Xinhua.
Per Goal's Chris Davie, it is the first time the Chinese Super League club's value has been announced after it was listed on China's National Equities Exchange and Quotations (NEEQ) in November 2015 and its first transaction of shares were completed on Tuesday.
Davie passed on the alleged value from Xinhua: "The Evergrande's transaction per share values at 55 yuan ($8.50), selling 36,000 shares for 1.