Anthony Joshua eyes £150 Million takeover of Watford FC
Anglo-Nigerian heavyweight boxing star Anthony Joshua is considering a significant shift from the boxing ring to the boardroom with plans to invest in Watford FC.
Joshua, a two-time former heavyweight world champion, is exploring a £150 million takeover of the Championship club.
Potential Deal
- Current Status: Preliminary talks are underway between financial experts working for Joshua and Watford FC regarding a potential buyout of current owner Gino Pozzo.
- Joshua’s Role: Although Joshua is not directly involved in the initial negotiations, his involvement is seen as a spearhead for the investment. He is expected to be part of a larger consortium rather than the sole buyer.
Financial Muscle
With a personal net worth estimated between £150-200 million, Joshua has the financial capability to lead the consortium. His potential involvement would not only bring financial investment but also his global commercial influence.
Personal Connection
Joshua’s connection to Watford runs deep:
- Birthplace: Born at Watford General Hospital, next to Vicarage Road.
- Hometown: Grew up in the surrounding area and attended school in nearby Kings Langley.
- Fan: Lifelong supporter of Watford FC.
Commercial Influence
Joshua’s global recognition and commercial partnerships could significantly benefit Watford FC:
- Endorsements: Deals with major brands such as Under Armour, Hugo Boss, and Land Rover.
- Social Media: A following of 28 million, which could boost the club’s marketing and commercial activities.
Club’s Current Status
- Ownership: The Pozzo family has been seeking outside investment for Watford.
- League: Watford currently competes in the Championship.
- Financial Needs: Investment is required to support the club’s ambitions and potentially secure promotion to the Premier League.
Strategic Moves
- Boosting Forex: In a broader financial context, the Central Bank of Nigeria (CBN) has been making moves to support naira recovery, which could indirectly impact Nigerian investments abroad.
Potential Impact
Joshua’s involvement could be transformative:
- Marketing and Commercial Power: His name alone could attract sponsorships and partnerships.
- On-Field Success: The financial influx could be used to strengthen the squad and infrastructure, aiming for promotion to the Premier League.
Conclusion
While the discussions are still at an early stage, Anthony Joshua’s potential takeover of Watford FC could bring a significant change to the club’s fortunes. His local roots, combined with his financial and commercial power, make this a compelling story for both the club and the broader sports community. If successful, it would mark a notable moment in British sports history, with a renowned athlete taking over an English football club.
