Watford FC is offering 10% of its shares via Republic and Seedrs through a digital equity sale.
Watford FC, an English professional football club, is presently undertaking a digital equity sale, which will account for an estimated 10% of its total shares.
Collaborating with digital investment platform Republic, the nearly 150-year-old British football team will offer the equity sale on both the platform and Seedrs, the European platform of Republic.
As per the report, the capital will be allocated towards financing the training initiatives of the team, with a specific focus on the men’s first team. Additionally, it will be utilized to recruit and instruct new players, and to advance the Watford FC brand.
By enabling supporters to acquire a portion of the football club, Watford FC hopes to attract a broader spectrum of investors through its digital equity offering with Republic.
Exclusive offers and digital equity shares in the football club will be available for purchase by investors.
Fan tokens acquired by investors will eventually be tradable and provide “true ownership” to supporters, according to Watford FC chairman and CEO Scott Duxbury. What he stated was:
Sports organizations are progressively adopting digital assets, such as tokenized equity shares or nonfungible tokens (NFTs), as a means to augment user engagement and generate capital.
Football superstar Cristiano Ronaldo, in collaboration with the Binance exchange, unveiled his fourth NFT collection at the end of May, which featured highlights from his career.
Linked to rare NFTs, Manchester City issued limited-edition jerseys at the end of April that grant holders the opportunity to acquire a restricted quantity of one-of-a-kind jerseys and matchday experiences. The NFT collection was introduced with the assistance of OKX.
