- Watford FC has announced an upcoming digital equity sale.
- The club seeks to raise millions from the sale.
- The saleโs offerings might also include tokens โat the discretion of Watford FC.โ
Watford Football Club (FC) is set to offer fans and investors 10% of the club in a digital equity sale facilitated by online investment platform Republic and its European affiliate Seedrs.
Watford FCโs roots date back to 1881 when Henry Grover and a group of fellow teenagers formed the Watford Rovers after seeking permission from the Earl of Essex to kick a football around in Cassiobury Park. Over a century later, the club has undergone immense transformation and is currently valued at ยฃ175 million.
Watford FC Explores Digital Equity
In an announcement shared with DailyCoin on June 4, Watford FC said that it aims to raise ยฃ17.5 million in funding by offering approximately 10% of the club as digital equity to investors, including its fans.
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The club has set the price per share at ยฃ12.44, and investors purchasing their shares through the Republic platform must acquire eight shares totaling ยฃ99.52, while Europe-based investors buying through Seedrs must take a minimum of four shares for ยฃ49.76.
Per the statement, the digital equity offering allows Watford FC to attract a wider range of investors and empowers fans to โown a pieceโ of the clubโs legacy and future.
โIn addition to the digital equity, investors will have the option to receive tokens and access exclusive offers. Watford FC also plans to facilitate the future trading of the tokens,โ the statement read.
Pre-registration for interested parties opened on June 4. The club noted that both fiat (sterling or dollars) and cryptocurrencies will be accepted as payment for purchasing the shares.
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