- Watford FC has announced an upcoming digital equity sale.
- The club seeks to raise millions from the sale.
- The sale’s offerings might also include tokens “at the discretion of Watford FC.”
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 FC’s 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 £175 million.
Watford FC Explores Digital Equity
In an announcement shared with DailyCoin on June 4, Watford FC said that it aims to raise £17.5 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 £12.44, and investors purchasing their shares through the Republic platform must acquire eight shares totaling £99.52, while Europe-based investors buying through Seedrs must take a minimum of four shares for £49.76.
Per the statement, the digital equity offering allows Watford FC to attract a wider range of investors and empowers fans to “own a piece” of the club’s legacy and future.
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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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