Report: Guangzhou Evergrande tops Real Madrid as most valuable club
The Chinese Super League has definitely caught people’s attention, and rightfully so.
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According to ZinhuaNet, Guangzhou Evergrande’s market value is set at roughly $3.5 billion, which is higher than Real Madrid ($3.26 billion) and Manchester United ($2.35 billion).
Guangzhou was first listed on China’s National Equities Exchange and Quotations (NEEQ) in November, but the club’s value has since risen significantly. On the market, the stock reportedly being sold at $8.50 per share and has sold 36,000 shares.
While Guangzhou is by no means in the same tier with clubs like Real and United in terms of revenue, the Chinese club is certainly doing something right.
After making a splash this winter by signing Atletico Madrid attacker Jackson Martinez, the Chinese Super League side is poised to make another run at the league title. The club have won five league crowns since 2010.
Additionally, former Brazil national team coach Luis Felipe Scolari is currently managing Guangzhou.