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Watford FC, a second-tier English football team, is selling 10% of the club's equity to fans and investors through digital tokens. This initiative aims to raise approximately £17.5 million ($22 million), valuing the club at around £175 million ($222 million). The digital tokens will be tradable in the future and will grant investors access to exclusive offers. The funds raised will support training initiatives, player recruitment, and brand development. The sale is being conducted via the Republic platform as a push to raise funds post parachute payments.
.@WatfordFC partners with @joinrepublic to offer 10% digital equity shares to fans and investors. Future plans include tradable fan tokens. https://t.co/86VOTTevsL
⚡️ #WatfordFC is offering 10% of its equity shares via the Republic platform, allowing fans and investors to purchase digital equity. The funds will support training initiatives, player recruitment, and brand development. The club also plans to introduce fan token trading,…
New: #WatfordFC put 10% of club up for sale to public via digital equity initiative to boost revenue Aim to raise ~£17.5m ($22m) & thus values club at ~£175m ($222m) as push to raise funds post parachute payments All details here @TheAthleticFC ⬇️ https://t.co/LIu0iSDTan
