ArabianKnight Posted February 21 Share Posted February 21 I've got a bad bad feeling about this. 1 Quote Link to comment Share on other sites More sharing options...
Ludo*1 Posted February 21 Share Posted February 21 Are the alleged comments from Ogren at the AGM legit? 'It's not the end of the world if we get relegated because we will come straight back up.' 'I can't believe the doom and gloom around the club, the success is down to Tony's work and he is my man.' And that he's not putting anymore money in and that United will just need to reduce their 'cost base' but they're in a better position than you were '5 year ago'. 0 Quote Link to comment Share on other sites More sharing options...
Bigmouth Strikes Again Posted February 21 Share Posted February 21 Thought Nelmsy was a bit clueless, but fatty here seems to have surpassed it. 0 Quote Link to comment Share on other sites More sharing options...
ArabianKnight Posted February 21 Share Posted February 21 Only good thing to come out the AGM is that wages are 71% relative to turn over. That's a 49% reduction in two years. 3 Quote Link to comment Share on other sites More sharing options...
Mark Connolly Posted February 21 Share Posted February 21 4 hours ago, Fifespud said: And you call us the ‘fun’. A wee look in the mirror required. I'll be returning my season ticket in protest... 1 Quote Link to comment Share on other sites More sharing options...
Dundee Hibernian Posted February 21 Share Posted February 21 19 minutes ago, Ludo*1 said: Are the alleged comments from Ogren at the AGM legit? 'It's not the end of the world if we get relegated because we will come straight back up.' 'I can't believe the doom and gloom around the club, the success is down to Tony's work and he is my man.' And that he's not putting anymore money in and that United will just need to reduce their 'cost base' but they're in a better position than you were '5 year ago'. I think that's broadly a true reflection of some of his comments. United are, to be fair, in the top league as opposed to the position they were in 5 years ago, but it looks highly possible that relegation will change this. 12 minutes ago, ArabianKnight said: Only good thing to come out the AGM is that wages are 71% relative to turn over. That's a 49% reduction in two years. Good point, I'll clutch that straw! The 13 million general sum folk are talking about as being the debt to Ogren and the Government puzzles me. Take £3 off, due to the government as an interest free loan over the next 20 years...... that brings the sum to £10 million, six of which was the amount paid by Ogren to purchase the club. Thus, why are United in debt to Ogren for the sum he paid for the club? If you buy a property, and the value drops, nobody owes you the price you paid initially to buy that property. That, to me, is not a debt owed to Ogren. That leaves £4 million, a heavy sum, but not the £13 quoted by fans reporting on the AGM. Has Ogren put that figure out there to make out he’s invested a huge sum, or to frighten supporters into paying more into the club? Perhaps this week’s meeting Ogren has with the Foundation will provide clarity. 0 Quote Link to comment Share on other sites More sharing options...
Derry Alli Posted February 21 Share Posted February 21 He bought Gussie, Tannadice and other properties back did he not? 0 Quote Link to comment Share on other sites More sharing options...
Loemba90 Posted February 21 Share Posted February 21 What day is he meeting the supporters groups? 0 Quote Link to comment Share on other sites More sharing options...
ArabianKnight Posted February 21 Share Posted February 21 13 minutes ago, Loemba90 said: What day is he meeting the supporters groups? Thursday . 0 Quote Link to comment Share on other sites More sharing options...
skinny arab Posted February 21 Share Posted February 21 See the Birighitti disease has spread to the champions league, never imagined that he’d start a new trend 0 Quote Link to comment Share on other sites More sharing options...
mishtergrolsch Posted February 21 Share Posted February 21 Nicked this from another site. Sorry to bring the convo back to what happens on the pitch! I'm going to guess we didn't scout this keeper. I reckon Ogren is hurling the £13M to prove he's spent enough now. Which, IMO, is his own fucking fault for thinking he'll make money in Scottish Football outside of the two Glasgow arseholes. Or believing Asghar and Friends it could be done. Ultimately I can see us going straight down. The manager is useless. The squad is so badly constructed and devoid of confidence. The Sporting Director is fucking useless at picking managers and is the main reason we're in this mess. Looks like the rumours that no serious manager will work with him might have some traction as every manager we've had has ran away at the first chance. Even Tam. Tony is his guy because he either really does trust him or knows he can use him as a scapegoat as he knows a portion of the fans have never liked him. The whole situation is mental and now it seems like the only care is the business rather than the product on the pitch (from the comments I've seen in various places allegedly said at the AGM) which only points to one thing and its not up the way. Liquidation doesn't make sense (imo) to Ogren. Administration won't work as he owns the debt so he'll gain nothing from that (I think) so he's stuck here selling assets or selling the club to anyone for as much as he can get. The potential irony is we could be in a worse position to where we were when he came in as I can't see fans coming out to buy season tickets or merchandise etc in the numbers we did if we do go down. The 5 year plan, eh? So, basically, fucking BOOOOO 1 Quote Link to comment Share on other sites More sharing options...
invergowrie arab Posted February 21 Share Posted February 21 (edited) The 10 and a bit million of directors loans isnt news today its in black and white in the 22/23 accounts. ETA the liquidation comment was not meant to be taken entirely seriously. Edited February 21 by invergowrie arab 0 Quote Link to comment Share on other sites More sharing options...
mishtergrolsch Posted February 21 Share Posted February 21 If he liquidated us then what does he have left? Tannadice, Gussie and ? Would that land value get him his money back? 0 Quote Link to comment Share on other sites More sharing options...
invergowrie arab Posted February 21 Share Posted February 21 54 minutes ago, mishtergrolsch said: If he liquidated us then what does he have left? Tannadice, Gussie and ? Would that land value get him his money back? Edited to say wasnt !! 1 Quote Link to comment Share on other sites More sharing options...
johnnydun Posted February 21 Share Posted February 21 Lip up fatty, lip up fatty, fatty relegate. 1 Quote Link to comment Share on other sites More sharing options...
PauloPerth Posted February 22 Share Posted February 22 4 hours ago, Dundee Hibernian said: I that brings the sum to £10 million, six of which was the amount paid by Ogren to purchase the club. Thus, why are United in debt to Ogren for the sum he paid for the club? If you buy a property, and the value drops, nobody owes you the price you paid initially to buy that property. That, to me, is not a debt owed to Ogren. Isn’t that along the lines of what Glazer did when he bought Man Utd? He ‘bought’ them for say £800m through borrowing, then as soon as he owned the club he put the debt from buying them onto Man Utd’s accounts. So in effect he paid nothing out of his own pocket for them. Not sure if the Ogren deal for D.Utd was the same. Not related to D.Utd, but I often think how little protection there is of our clubs if some people with less than honourable intentions fancy getting control. That guy who bought Wrexham with the intention of selling the ground off to make money another example, or Mike Ashley at Newcastle. 1 Quote Link to comment Share on other sites More sharing options...
arab_joe Posted February 22 Share Posted February 22 (edited) The red flags were there for all to see during his very first Q&A (LINK) Are you looking to make money from this deal? Yes. This isn't a hobby for us, and we expect to make money long-term but, let me say, for that to happen we need to be competing in the Ladbrokes Premiership on a continual basis. How much do you know about Dundee United and Scottish football? I know a ton. We spent a tremendous amount of time and money doing our due diligence. As I (and others) said in this thread at the time: On 23/12/2018 at 08:40, arab_joe said: These two answers cannot both be correct. Edited February 22 by arab_joe Typo 0 Quote Link to comment Share on other sites More sharing options...
Kyle Reese Posted February 22 Share Posted February 22 Makes me feel a bit nostalgic, all this. 0 Quote Link to comment Share on other sites More sharing options...
Pull My Strings Posted February 22 Share Posted February 22 6 hours ago, PauloPerth said: Isn’t that along the lines of what Glazer did when he bought Man Utd? He ‘bought’ them for say £800m through borrowing, then as soon as he owned the club he put the debt from buying them onto Man Utd’s accounts. So in effect he paid nothing out of his own pocket for them. Not sure if the Ogren deal for D.Utd was the same. Not related to D.Utd, but I often think how little protection there is of our clubs if some people with less than honourable intentions fancy getting control. That guy who bought Wrexham with the intention of selling the ground off to make money another example, or Mike Ashley at Newcastle. No. The Glazers bought Man U with borrowed money secured against the club and used club profits to service the borrowing. This is Ogren's money. There's no cunning wheeze here. 0 Quote Link to comment Share on other sites More sharing options...
Pull My Strings Posted February 22 Share Posted February 22 48 minutes ago, arab_joe said: The red flags were there for all to see during his very first Q&A (LINK) Are you looking to make money from this deal? Yes. This isn't a hobby for us, and we expect to make money long-term but, let me say, for that to happen we need to be competing in the Ladbrokes Premiership on a continual basis. How much do you know about Dundee United and Scottish football? I know a ton. We spent a tremendous amount of time and money doing our due diligence. As I (and others) said in this thread at the time: This rather pleased analysis suggests that the situation which we are in today was the inevitable denouement of Ogren's plan. I don't think there's any merit in that suggestion. We are not fucked because Ogren hasn't put enough money in, or because we haven't been able to sell players to generate returns. He has and we have. We are fucked because the squad has not been built or coached properly, in common with lots of shit teams. This isn't Ogren's fault, other than in his choice of Sporting Director and his apparent refusal to reconsider that appointment. 5 Quote Link to comment Share on other sites More sharing options...
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