According to Foresight News, Watford Football Club is offering approximately 10% of its shares to investors, including fans. The investors will have the option to receive tokens and gain exclusive benefits. The club plans to facilitate future token trading. The sale of equity will be facilitated through the investment platforms Republic and its European platform Seedrs.
The funds raised from this sale will be used to finance initiatives aimed at improving the club's performance, particularly in the recruitment, training, and guidance of the men's first team. The funds will also be used to develop the club's brand. This move by Watford Football Club represents a growing trend of sports organizations leveraging digital assets to engage with fans and raise funds.