SHANGHAI: China’s Guangzhou Evergrande Taobao were proclaimed the holders of an unlikely title by the official news agency Xinhua on Wednesday: the world’s most valuable football club.
A transaction in the club’s shares on the National Equities Exchange and Quotations (NEEQ), the obscure over-the-counter Chinese market where it is listed, gave it a market capitalisation of $3.35 billion, Xinhua said.
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