Leeds United's Championship rivals Watford have made 10 per cent of the club's shares - valued internally at £17.5 million - available to the public.
The Hornets hope to raise transfer funds this summer through the take-up of shares by the club's supporters. The Times report Watford will make shares available in the form of 'digital equity' with members of the public able to buy a small stake in the club for as little as £49.76. 'Supporters will be able to invest a minimum of £49.
Leeds' wage bill, by comparison, is expected to be considerably higher given their more recent relegation from the Premier League, but significantly reduced from the £146 million figure reported in their 2022/23 accounts. 'We are aiming to offer approximately 10% of the club at a value of £17.5million, on the basis of a valuation of £175 million. Having posted a pre-tax profit of £24.
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