Guangzhou Evergrande claimed to be more valauble than Real Madrid & Barcelona

China's state-run news agency claims that the club are the most valuable in the world following their first transaction on the national exchange market

Guangzhou Evergrande are the most valuable football club in the world, China’s official press agency Xinhua has claimed.

After being listed on China's National Equities Exchange and Quotations (NEEQ) last November, the first transaction of shares was completed on Tuesday with Guangzhou Evergrande subsequently being valued at $3.35 billion.

In 2015, Forbes named Real Madrid as the world’s most valuable sports team at $3.26bn, while Barcelona were in fourth at $3.16bn, and Manchester United in fifth at $3.1bn.
Xinhua claimed: “The Evergrande's transaction per share values at 55 yuan (8.5 dollars), selling 36,000 shares for 1.98 million yuan (300,000 dollars) in the club's first trade after being listed on November, 2015 in China's NEEQ. 

“In this price, Evergrande's market value amounts to 21.8 billion yuan (3.35 billion dollars) in a total of 396.73 million shares.”