Saturday June 6, 2020

This Chinese football club is worth more than AC Milan

Chinese real estate company Sinobo Land bought 64 per cent stake

29th January, 2017
Ultra supporters and fans of the Beijing Guoan FC celebrate together after a goal against Chongqing Lifan FC during their Chinese Super League match Pic: Getty

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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