Caledonian Braves FC
A wee Scottish football club with big dreams and big ambitions
Last Funded March 2025
$2,746,186
raised from 8,931 investors
Investment Terms
You will be investing in Caledonian Braves FC through an SPV. This means that when you invest, you will be signing the SPV Subscription Agreement, not the direct investment contract. For more information on SPVs, see here.
Financials
We have financial statements ending December 31, 2023. Our cash in hand is $1,665,593, as of October 2024. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month.
At a Glance
Jun 26 – Dec 31, 2023
$0
Revenue
-$30,405
Net Loss
$1,022,248
Short-Term Debt
$0
Raised in 2023
$1,665,593
Cash on Hand
Net Margin:
0%
Gross Margin:
0%
Return on Assets:
-2%
Earnings per Share:
-$0.84
Revenue per Employee:
$0
Cash to Assets:
98%
Revenue to Receivables:
~
Debt Ratio:
60%
Caledonian Braves PBC 12.31.24.pdf
Caledonian Braves PBC Financial Statements Audit Report - Final executed.pdf
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Overview
A wee Scottish football club with big dreams and big ambitions
Our club was formed with a clear vision and belief of football being owned by the fans; of football clubs as community assets that improve the lives of those who support them.
Not only are we creating a global ownership community, we are also giving fans a voice. We are creating a true football democracy where every owner has an equal voice and an equal vote.
Milestones
Caledonian Braves PBC was organized in the State of Delaware in June 2023.
Since then, we have:
Historical Results of Operations
Our company was organized in June 2023 and has limited operations upon which prospective investors may base an evaluation of its performance.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 24 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 12 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
Caledonian Braves PBC cash in hand is $1,665,593.03, as of October 2024. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month, for an average burn rate of $0 per month. Our intent is to be profitable in 24 months.There have not been any material changes or trends since the date that our financial statements cover.
We do not expect any further revenues for the PBC though we will have expenses in the region $125,000 for perks and legal fees
We are not currently profitable. While we bit have profitable months here and there, we don't expect to reach profitability for another two years. Outside of this Wefunder offering, we could rely on the founder and CEO to cover short-term burn if necessary.
All projections in the above narrative are forward-looking and not guaranteed.
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Overview
A wee Scottish football club with big dreams and big ambitions
Our club was formed with a clear vision and belief of football being owned by the fans; of football clubs as community assets that improve the lives of those who support them.
Not only are we creating a global ownership community, we are also giving fans a voice. We are creating a true football democracy where every owner has an equal voice and an equal vote.
Milestones
Caledonian Braves PBC was organized in the State of Delaware in June 2023.
Since then, we have:
- First and foremost, you'll own a wee Scottish football club (for real!)
- 6,500+ owners from around the world
- The Braves are on a determined path to compete alongside football giants like Rangers and Celtic
- You'll be part of building a globally-diverse ownership community in football
- You'll experience the highs and low of football club ownership - Saturdays will never be the same
- You'll help shape the future of the club by being involved on a variety of club matters
- You'll get to enjoy exclusive ownership access to the players, manager, staff, and board members
Historical Results of Operations
Our company was organized in June 2023 and has limited operations upon which prospective investors may base an evaluation of its performance.
- Revenues & Gross Margin. For the period ended December 31, 2024, the Company had revenues of $0 compared to the year ended December 31, 2023, when the Company had revenues of $0.
- Assets. As of December 31, 2024, the Company had total assets of $1,708,093.03, including $1,665,593.03 in cash. As of December 31, 2023, the Company had $0 in total assets, including $0 in cash.
- Net Loss. The Company has had net losses of $30,405 and net income of $0 for the fiscal years ended December 31, 2024 and December 31, 2023, respectively.
- Liabilities. The Company's liabilities totaled $1,022,248.03 for the fiscal year ended December 31, 2024 and $0 for the fiscal year ended December 31, 2023.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 24 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 12 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
Caledonian Braves PBC cash in hand is $1,665,593.03, as of October 2024. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month, for an average burn rate of $0 per month. Our intent is to be profitable in 24 months.There have not been any material changes or trends since the date that our financial statements cover.
We do not expect any further revenues for the PBC though we will have expenses in the region $125,000 for perks and legal fees
We are not currently profitable. While we bit have profitable months here and there, we don't expect to reach profitability for another two years. Outside of this Wefunder offering, we could rely on the founder and CEO to cover short-term burn if necessary.
All projections in the above narrative are forward-looking and not guaranteed.
Risks
1
EACH INVESTOR IS AWARE THAT AN INVESTMENT IN THE COMPANY IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF THE ENTIRE INVESTMENT, AND SUCH INVESTOR HAS CAREFULLY READ AND CONSIDERED THE FOLLOWING RISK FACTORS AND ALL MATTERS SPECIFIED IN THESE SUBSCRIPTION DOCUMENTS IN DETERMINING WHETHER OR NOT TO INVEST IN THE COMPANY AS SPECIFIED HEREIN. EACH INVESTOR UNDERSTANDS THAT THE FOLLOWING FACTORS ARE NOT AN ALL-INCLUSIVE LIST OF POSSIBLE RISKS INHERENT IN THE OFFERING.
2
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
3
The Company is regulated by the Scottish FA and the SPFL. A change in rules by either could affect the progress of the club. Two notable areas where rules changes could affect the Company's success are the league pyramid structure and club licensing rights.
Other Disclosures
The Board of Directors
| Director | Occupation | Joined |
|---|---|---|
| Christopher Gordon Ewing | Director @ Edusport Academy | 2023 |
Officers
| Officer | Title | Joined |
|---|---|---|
| Christopher Gordon Ewing | Treasurer, Secretary, CEO, and President | 2023 |
Voting Power
| Holder | Securities Held | Power |
|---|---|---|
| Christopher Gordon Ewing | 22,500 Common Stock | 100.0% |
Past Fundraises
| Date | Security | Amount |
|---|---|---|
| Priced Round | $2,083,152 | |
| 8/2024 | Priced Round | $750,000 |
Outstanding Debts
None.Related Party Transactions
None.Use of Funds
| $50,000 | 30% towards hiring a General Manager, 20% towards app/technical improvements, 30% towards social media and digital marketing, 10% towards kit, 2.5% towards ground improvements 7.5% Wefunder Fees |
|---|---|
| $2,747,086 | 30% towards hiring General Manager and Commercial Manager, 30% towards improving 1st Team Squad, 10% towards ground improvements, 5% App improvements, 5% towards kit, 10% digital marketing, 2.5% Sponsorship, 7.5% Wefunder.Achieving this investment goal would help the club remain financially sustainable in future years and would give the club a fantastic opportunity to achieve our objectives on and off the park. At this level of investment, we intend to improve the playing staff significantly and level up across all performance areas of the club from nutrition to data analysis. We plan to make a significant improvement in the production value of our content for our global owners including improvements related to live streamed matches and general content. We anticipate that this investment would also allow us to be able to commission a documentary on the club telling our story to the world. We are also planning to use the proceeds of this investment to enter into the TST 7s tournament in North Carolina in 2025, giving the club fantastic exposure and the opportunity to win $1,000,000. With this level of investment, we hope to start the process of planning to build our own stadium. |
Capital Structure
| Class of Security | Securities (or Amount) Authorized | Securities (or Amount) Outstanding | Voting Rights |
|---|---|---|---|
| Common Stock | 45,000 | 35,992 | Yes |
Form C Filing on EDGAR
The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.