Watford Football Club, a professional English football team, has announced its plan to sell 10% of its equity to investors, including its own fans. This move marks a unique opportunity for football enthusiasts to own a stake in their favorite club and be part of its future growth and success.
According to a press release, Watford FC will be offering the shares on the crypto and startup investment platform Republic, as well as on its European crowdfunding arm Seedrs. The club aims to raise approximately £17.5 million ($22.3 million) through this equity sale, valuing the club at £175 million ($223 million). Each share is priced at £12.44 ($15.88), with a minimum investment requirement of four shares totaling £49.76 ($63.51) on Seedrs and eight shares totaling £99.52 ($127.04) on Republic.
Utilization of Capital
The capital raised from the equity sale will be utilized to fund various initiatives aimed at boosting the club’s brand and enhancing the performance of its teams. This includes investments in player recruitment, training, and coaching, with the ultimate goal of regaining a position in the Premier League. Scott Duxbury, Watford FC Chairman and CEO, expressed the club’s commitment to leveraging this opportunity to propel its growth and achieve its strategic objectives.
Through its collaboration with Republic, Watford FC intends to access a wider pool of investors than traditional equity fundraising would allow. The offering not only provides fans with the chance to own a part of the club’s legacy but also offers exclusive benefits and the potential to receive the club’s tokens for future trading. Republic president Andrew Durgee emphasized the significance of this digital equity offering in democratizing sports ownership and making it more accessible to both fans and professional investors.
While investors participating in the equity sale will not have voting rights within the club, they will be entitled to dividends on their investments. This presents an opportunity for fans and investors alike to contribute to Watford FC’s growth and success, becoming integral stakeholders in its journey towards achieving its goals.
Watford FC’s equity sale represents a landmark opportunity for fans and investors to become part-owners of an English football club. By embracing digital equity and innovative fundraising strategies, the club is paving the way for greater fan engagement and collaboration in shaping its future trajectory. This unique initiative not only offers financial returns to investors but also strengthens the bond between the club and its supporters, creating a shared vision for success on and off the football pitch.
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