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Primary use of funds from Watford FC's digital token sale by end of 2024?
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Resolution / Starting Odds
Training initiatives • 33%
Player recruitment • 33%
Brand development • 34%
Official announcements or financial disclosures from Watford FC
Story
Watford FC to Sell 10% Equity via Digital Tokens, Aiming to Raise £17.5 Million
Jun 4, 2024, 10:53 AM
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.
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High Engagement • 34%
Moderate Engagement • 33%
Low Engagement • 33%
Less than 10 million • 25%
10-20 million • 25%
20-30 million • 25%
More than 30 million • 25%
Yes • 50%
No • 50%
Expansion of physical stores • 25%
Investment in e-commerce • 25%
Debt reduction • 25%
Acquisitions or partnerships • 25%
Hold all tokens • 25%
Sell part of the tokens • 25%
Reinvest in other cryptocurrencies • 25%
Other strategic moves • 25%