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This Chinese Soccer Team Is Worth More Than AC Milan

  • Chinese real estate company Sinobo Land bought 64% stake
  • Club has devoted fans but hasn’t won a title since 2009
Fans of the Beijing Guoan FC celebrate together after a goal.

Fans of the Beijing Guoan FC celebrate together after a goal.

Photographer: Kevin Frayer/Getty Images

A recent investment in Chinese soccer team 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 champion AC Milan.

Beijing-based property developer Sinobo Land Co. agreed to buy a 64 percent stake in the club at such valuations, taking over from previous owner Chinese conglomerate Citic Ltd., according to a statement yesterday.