Leeds United's Championship rivals reveal pioneering finance tactic to fund summer transfer spend

  • 📰 LeedsNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 48. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines