Watt says that he has submitted a formal offer to buy Brewdog from Tilray Brands, the US pharmaceutical giant that bought the brewery business in March for £33m.
Watt has launched the bid through Second Best, a vehicle he set up to offer shares to thousands of ‘equity punks’ who had bought shares in the Scottish brewery but who got nothing from its sale.
He says that 43,000 Equity Punks have already joined the bid for the business and if the bid is successful every registered investor will get their BrewDog equity back for free.
“We’d also restore the Real Living Wage, bring back the team’s equity, and put the community back at the heart of the business,” says Watt.
“The punks and the crew built this company and BrewDog deserves to belong to them once more. Equity Punks, you backed me once. This time, I’m backing you.
“Hopefully, we can bring BrewDog home.”