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Professional English football team Watford Football Club wants to sell 10% of its equity to investors, including its fans.Per the announcement, Watford is looking to raise roughly £17.5 million from the equity sale. The club is valued at £175 million as part of the offering.
The football club is offering each share at £12.44 with a minimum investment of four shares totaling £49.76 for investors purchasing the equity on Seedrs. On the other hand, those buying on Republic must purchase a minimum of eight shares totaling £99.52 .
“We are always looking at ways that we can help grow Watford FC to deliver on our plans and are proud to be the first major English football club to offer true ownership shares to a wide range of investors, including fans, through digital equity,” said Scott Duxbury, Watford FC Chairman and CEO, adding that the club’s management intends to take it back to the Premier League through the equity sale initiative.
Watford FC’s equity sale presents an opportunity for fans to own a piece of the club’s legacy and future in addition to its digital equity. While investors will have no voting rights in the club, they will receive dividends on their investments.
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