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Chinese club Guangzhou Evergrande valued at $3.37 billion

China’s Guangzhou Evergrande Taobao FC is worth 21.9 billion yuan ($3.37 billion), far more than the $2.35 billion market valuation of Manchester United Ltd., according to a valuation derivedfrom transactions recorded this week on a Beijing exchange. Fractional shares in the Chinese soccer team changed hands, a rarity from which observers extrapolated the valuation. Guangzhou […]

Posted inAround The Net in Soccer World Daily, Story

French federation raided in connection with FIFA scandal

At the behest of the Swiss federal prosecutor, the French Financial Prosecution Office raided the French soccer federation headquarters in connection with the Swiss criminal case against former FIFApresident Sepp Blatter. The cases focuses on a secret transaction in which Blatter approved a $2 million payment from FIFA funds for Michel Platini in 2011. Blatter […]

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