The True costs of “$UCCE$$”

Debt for Equity Loans since 2018:

2018
3 October 2018 £1,446,253.38p

Total £1,446,253.38p

2019

28 June £1,721,680.59p
5 August. £2,152,272.79p
24 September £2,501,319.82p
13 November £2,606,319.82p

Total £8,981,593.02p

2020

30 September £3,028,819.82p
1 November £3,221,969.12p
17 November. £3,272,418.72p
10 December. £3,409,918.72p
14 December £3,410,418.72p

Total £16,343,575.10p

2021

19 March £3,572,918.72p
30 March £3,682,918.72p
8 April £3,882,918.72p
19 April £3,904,418.72p
7 May £3,906,588.57p
4 June £3,910,088.57p
13 August £4,088,588.57p
1 September £4,089,388.57p
23 November £4,229,388.57p
8 November £4,233,388.57p
23 December £4,283,286.33p

Total £43,783,892.63p

Oh and a cheeky wee …
21 February 2022 £4,323,286.33p
Just for safe measure :grimacing::+1:t3:

That’s a whopping £74,878,600 and 46 pence since 2018 in extra Investment to keep the Big Top open.

:woman_juggling::clown_face::circus_tent: :clown_face: :woman_juggling:

**On top of £107.19m in losses since 2012 **
Equates to approximately £185m going out the door at Ayebrokes to get them where they are currently.

Now you could ask yourself which approach has panned out best between both Clubs in the past decade or so ?Well since they emerged from the ashes of the last Ayebrokes catastrophe :man_shrugging:t2:

Celtic Posting approximately £50m in Profit whilst winning:
9 in a row,a Quadruple Treble but struggling in all honesty to make headway into the latter stages of European Competition regularly🤷🏻‍♂️
Or alternatively…
The 2angers formed in 2012 pumping approximately £190m in to stop 10 in a row, make serious inroads into the after stages of the Europa League after two decent showings in the last 2 Seasons whilst on the verge of losing their Empty Stadia Title to a newly rebuilt Celtic team on the cusp of a double and Champions League Qualification and all that that brings :man_shrugging:t2:

It isn’t until you lay it out bare that you see the enormity of what is again occurring at Ayebrokes.
Once again a financially doped enterprise is hurtling toward oblivion without a care in the world for what can happen if you operate an unsustainable approach within the constraints of Scottish Football.
As was the case with Murray’s Rangers (In Liquidation).
The media haven’t yet once questioned why Dave King is/was in such a hurry to sell his shares to Club 1872.

He knows this ends badly and wants out rapid.
He’s seen this movie before after all.

The only fools daft enough to buy his shares are Club 1872 and I do question what the angle is of those who run that particular enterprise is?
What is the thinking behind spending £1m chunks of Supporters money on shares when the Club is simultaneously diluting that £1m in shares down with a £4m Debt for Equity swap soon after?
Nonsensical.
They’d be better saving that cash and buying in bulk when it all goes Pete Tong.
As it surely will if we deny them Champions League access and they fail to win the Europa League.
No Champions League Revenue will mean a fire sale this Summer.

I would be very worried if this was Celtic at present.

All information freely available via this Link

1 Like