Watford FC to offer 10% digital equity shares through the Republic platform
Professional English football team Watford Football Club, commonly known as Watford FC, is launching a digital equity sale involving approximately 10% of its shares.
Around 150 British football clubs have partnered with digital investment platform Republic to facilitate the equity sale on the platform and Republic's European platform, Cedross.
According to an announcement shared with Cointelegraph, the capital will be used for the team's training initiatives, particularly in the men's first team, as well as recruiting, training new players and developing the Watford FC brand.
Through its digital stake with the Republic, Watford FC aims to attract a wider range of investors and fans to own a football club.
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Watford FC is planning a fan token transaction in the future
Investors can buy digital equity shares in the football club, tokens and special offers.
Watford FC Chairman and CEO Scott Duxbury said the Fan Tokens received by investors will be marketable in the future and give fans “real ownership”. he said:
“We are always looking at ways to grow Watford FC to achieve our goals and we are proud to be the first major English football club to offer a genuine ownership stake to multiple investors, including a fan, through digital equity.”
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Tokenized Shares and Digital Assets: A New Way to Increase Fan Engagement in Sports?
More and more sports clubs are using digital assets such as equity shares or non-fungible tokens (NFTs) to increase user participation and capital.
At the end of May, football star Cristiano Ronaldo released the fourth set of NFTs in collaboration with the Binance exchange, which showed the highlights of his sports career.
At the end of April, Manchester City released a limited number of shirts tied to rare NFTs. The NFT suite was launched in partnership with OKX.
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