30 Young Sports Makers selected to shake up the future of sport at Global Sports Week 2021
27 Nov 2020 10:57
China's Guangzhou Evergrande Taobao FC announced last Thursday that the club has recently raised 869.36 million yuan (132 million U.S. dollars) by issuing 21.734 million shares on the National Equities Exchange and Quotations (NEEQ).
The deal, as announced, sees the CSL club valued at US$2.4 billion, which is very close to that of Premier League giant, Manchester United (US$2.53bn).
Evergrande Group, the largest shareholder of the club, currently holds 56.71% of the CSL club’s shares after the equity issues, while Alibaba, China’s largest e-commerce giant, remains the club’s second largest stakeholder with 37.81% of shares.
The new investors paid RMB40 per share for their stakes, and a fund managed by Shenzhen's Foresea Kaynes Investment became Evergrande’s third largest shareholder with a 1.16% stake.
Guangzhou Evergrande Taobao FC is a 5-time winner of the CSL and has just lifted the AFC Champions League last December.
Source: china.org.cn
Proofread by John Devlin.
30 Young Sports Makers selected to shake up the future of sport at Global Sports Week 2021
27 Nov 2020 10:57
Related coverage
China's policy makers drive campus football
13 Aug 2015
What will go after the soccer reform plan
17 Mar 2015
Mondogoal adds CSL to its roster of games
04 Mar 2016
CFA accepts Quanjian’s acquisition of Tianjin Songjiang FC
03 Dec 2015
CFA to hold Olympic football team tryouts
16 Jun 2017
More from Yutang Sports
IWGA to confirm the World Games host
11 Apr 2024
Squash will be significantly boosted by LA28 inclusion
17 Apr 2024
Gender equality will be reflected at OBS's coverage of the Paris 2024 Olympic Games
16 Apr 2024
Reasons why Leading Gold Partner Sport Event Denmark returns to SportAccord every year
08 Feb 2024
Interview with Nicolas Maurer: Becoming Mainstream and at the Forefront of French Esports Industry
04 Oct 2023
Yutang Sports
loading...