English Football Club is Up for Sale: Digital Tokens Will Be Distributed to Fans

Watford FC, which competes in the Championship in England, will sell 10% of the club's shares to its fans and other investors.

Watford FC, one of the former teams of the Premier League, earned a revenue of £66.2 million in the first six months of the year. The club, which has a valuation of £175 million, put 10% of it up for sale for £17.5 million. The price per share was set at £12.44.

The club will use the capital it has collected from here, especially to expand its staff and expand the club brand.

The sale will take place through Seedrs, the European arm of investment platform Republic. Depending on the minimum investment amount, four lots will need to be purchased through Seeds and eight lots will need to be purchased through Republic.

Fans will receive digital tokens

Fans who invest will not have a say in the management of the club. If they prefer, fans will be able to purchase digital tokens as well as digital stocks and use these tokens to benefit from special offers.

Watford FC also plans to launch these tokens in the future.

“We are constantly looking for new ways to deliver on our plans, helping Watford FC grow and we are proud to be the first major English football club to give a real ownership interest to many different investors, including fans, via digital share,” said Watford FC Chairman Scott Duxbury. .