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11/21/2024 08:04:36 pm

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Football Transfer Rumors: Guangzhou Evergrande Acquires Paulinho From Tottenham for £10M

Paulinho

(Photo : Getty Images) MIAMI GARDENS, FL - NOVEMBER 16: Paulinho #18 of Brazil celebrates a goal during a friendly between Brazil and Honduras at Sun Life Stadium on November 16, 2013 in Miami Gardens, Florida. (Photo by Marc Serota/Getty Images)

Paulinho is headed to China after Tottenham Hotspurs sold the Brazilian a member of Asian Champions League and Chinese champion Guangzhou Evergrande just under just under £10million, Ham & High reported on Tuesday.

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After becoming the most lucrative signings for Tottenham at £17 million two years ago, Paulinho has been shipped by the Spurs' to rising Asian power Guangzhou Evergrande, which recently applied for China's New Third Board.

Paulinho, who scored just six goals in 45 appearances for Tottenham, will reunite with former Brazilian head coach Felipe Scolari in a vaunted Evergrande team that is looking to continue their dominance in the domestic and continental league.

On the other hand, Tottenham used the money they received from Paulinho sale to Evergrande for the acquisition of Austrian centre-back Kevin Wimmer (£4.3m) and Burnley right-back Kieran Trippier (£3.5m).

Meanwhile, Tottenham star midfielder Nacer Chadli believes the latest moves done by his team over the summer would further improve their chance in competing for a place in the Champions League or perhaps the highly-coveted Premier League title.

"I try to work every day on that and next season I think you'll see a better Nacer Chadli. I can improve in many ways. I think I can score more goals, make more assists and play better games," Chadli stressed in an interview with High & Ham.

For Guangzhou Evergrande, acquiring the 26-year old Paulinho is just a step towards improving their chance of winning again and increasing the current valuation of the company, which is pegged at 10 billion yuan ($1.61 billion).

The club is worth about 10 billion yuan ($1.61 billion), Chinese media reported. That would be less than the nearly $3 billion market capitalization of Britain's Manchester United, but much larger than Italy's Juventus and Germany's Borussia Dortmund.," via CNBC.

Guangzhou Evergrande is jointly owned by real estate giant Evergrande Real Estate and Chinese internet giant Alibaba owned by Jack Ma.

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