A recent investment in Chinese football club Beijing Guoan pegs the value of the club at more than $800 million, putting it on par with some of the best teams in the west, including seven-time European champions AC Milan.
Beijing-based property developer Sinobo Land agreed to buy a 64 per cent stake in the club at such valuations, taking over from previous owner, Chinese conglomerate Citic.
The valuation is higher than the €740 million fetched by AC...
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