Official financial disclosures from Watford FC or reputable financial news sources

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.