#WatfordFC #EquitySale #CryptoInvestment #Football #Seedrs #Republic #SportsInvesting #DigitalEquity
Watford Football Club, playing in the professional English football scene, has unveiled plans to diversify its ownership structure by offering 10% of its equity shares to both its fans and investors at large. This move comes as part of a groundbreaking initiative facilitated through a partnership with Republic, a platform specializing in crypto and startup investments, along with its European crowdfunding counterpart, Seedrs. The aim behind this sale, as stated in the club’s press release distributed to CryptoPotato, is to garner approximately £17.5 million ($22.3 million), a valuation that pegs the overall worth of the club at around £175 million ($223 million).
This initiative opens up a new avenue for fan participation in the club’s financial ecosystem, with shares being offered at £12.44 ($15.88) each. Prospective investors are given a choice between platforms, with Seedrs requiring a minimum purchase of four shares (totalling £49.76 or $63.51) and Republic doubling that minimum to eight shares (coming to £99.52 or $127.04). The funds raised from this equity sale are earmarked for several growth and performance improvement areas, including player recruitment, training facilities enhancement, and coaching quality, all aimed at bolstering Watford FC’s competitive edge and its pursuit of Premier League status.
Scott Duxbury, the Chairman and CEO of Watford FC, articulated the club’s ambitions to forge a stronger connection with its supporters and widen its investor base through this novel approach to ownership. Partnering with Republic aids in reaching a broader spectrum of investors, marrying the worlds of traditional sports finance and modern digital investment platforms. Investors, while not granted voting rights within the club, are promised dividends and exclusive offers, alongside access to the club’s tokens, which are set to be traded in the future. This strategic move not only democratizes club ownership but also leverages digital equity to solidify Watford FC’s financial and competitive aspirations.
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