Beharder wrote:

Maybe he's been head hunted by another club, Rangers maybe 🤔

That's maybe not as daft as it sounds...
 

Macbonzo wrote:

All quite plausible theories.

What is clear is that the Club don't want to reveal the reason. That is never a good situation, as, all it means is that people speculate.

One thing we can say, is that, whatever business plan/ scenarios Ogren  had formulated, the Corona Virus lockdown would not have been one of them. Lets not forget he sees the Club as an investment and he is looking to make a profit. His other business interests and particularly listed investments will have taken a hit. My recollection is that his biggest business interest is Croix Oil Company. Every aspect of the oil industry has taken a huge hit, firstly, with the Saudis turning on the tap, then, with COVID19. It does not matter whether you are drilling, refining, retailing, servicing, you are struggling. Even Transocean and Baker Huges share prices have collapsed.

I'm not trying to be a prophet of doom, but, he needs to make money to finance the club

 
Not silly

Billy_Hainey wrote:

I thought he'd sold Croix Oil, or was it just part of the business?

I thought that too, Billy: think his work now involves software and property.
 

Billy_Hainey wrote:

I thought he'd sold Croix Oil, or was it just part of the business?

I stand to be corrected, but, did he not sell 13 convenience stores (part of Croix Oil)? The rest of the business, which he his still president of, is, ostensibly a oil distribution company which supplys domestic and business customers. The real estate is tied to what we would call petrol stations.(most likely the company owns the freehold and leases premises to a Ma and Pa operation
 

I suppose, ever since he took over the Club, I've been trying to figure out what Ogren is really worth and how much he has at his disposal. As his businesses are not listed entities, we can only speculate. Most (90% of service stations and budget hotels in the US are franchises) Indians (non indigenous) own nearly all these businesses. Practically no money is made on the sale of gas, so you must make it on margins through the sale of food.

If I was guessing, i would think that Ogren probably had an master franchise for a specified territory for the gas stations (or maybe he developed his own concept and franchised it himself.) in terms of the gas business, this will have been a series of distribution agreements with majors. We know he pocketed $4.89million from the sale of the stores..Is that pretty much what his is willing to allocate to United? i.e. the purchase price of the club plus the investment..

i can't comment on the software company, but can we assume he is making very little income from the hotel "investment" and the two sports clubs at the moment? Is he really spending capital;?

What we don't know is::

His independent wealth minus the businesses mentioned i.e. cash, bonds, equity portfolio

How heavily leveraged he is?

The fact that none of his children want to work in Croix Oil is a slight concern. We all know that the third generation of family businesses don't particularly like hard work. If you asked your 24 year son what he wanted to do, and his reply was: "I want to get involved in real estate and manage sports clubs", you would tell him that he'd better hope that Donald Trump was really his Dad.

Thank you for your post. I would also add that the investment he has put in is just over £5m, that he has loaned to the club ie: wanting it back plus a return. We need to remember that he has another sports team, baseball side Sioux Falls Canaries & a hockey team associated to that and he sold the hockey team Mankato Dogs. Yes we are 100% United, it might not be the case for him, we are a business to him. Football won't be the same again when we return (whenever that is), the financial model of football will change dramatically. 

Macbonzo wrote:

I suppose, ever since he took over the Club, I've been trying to figure out what Ogren is really worth and how much he has at his disposal. As his businesses are not listed entities, we can only speculate. Most (90% of service stations and budget hotels in the US are franchises) Indians (non indigenous) own nearly all these businesses. Practically no money is made on the sale of gas, so you must make it on margins through the sale of food.

If I was guessing, i would think that Ogren probably had an master franchise for a specified territory for the gas stations (or maybe he developed his own concept and franchised it himself.) in terms of the gas business, this will have been a series of distribution agreements with majors. We know he pocketed $4.89million from the sale of the stores..Is that pretty much what his is willing to allocate to United? i.e. the purchase price of the club plus the investment..

i can't comment on the software company, but can we assume he is making very little income from the hotel "investment" and the two sports clubs at the moment? Is he really spending capital;?

What we don't know is::

His independent wealth minus the businesses mentioned i.e. cash, bonds, equity portfolio

How heavily leveraged he is?

The fact that none of his children want to work in Croix Oil is a slight concern. We all know that the third generation of family businesses don't particularly like hard work. If you asked your 24 year son what he wanted to do, and his reply was: "I want to get involved in real estate and manage sports clubs", you would tell him that he'd better hope that Donald Trump was really his Dad.

PatReilly wrote:

UniDundee wrote:

Thank you for your post. I would also add that the investment he has put in is just over £5m, that he has loaned to the club ie: wanting it back plus a return. We need to remember that he has another sports team, baseball side Sioux Falls Canaries & a hockey team associated to that and he sold the hockey team Mankato Dogs. Yes we are 100% United, it might not be the case for him, we are a business to him. Football won't be the same again when we return (whenever that is), the financial model of football will change dramatically. 

 

Very polite negativity this post, UniDundee .




When's the 'shared stadium' you told us about happening (with us paying rent to DFC)? And the takeover by the Americans you said wouldn't be taking place? Is Stephen Thompson still involved, as you stated would be the case? To be fair, maybe you are a terrible pessimist in real life.

But one very good point you make, and that is about the game not being as it was before (underlined). 

Only my opinion, and I'd welcome others to comment, but the health crisis could well be a gift to UEFA and the big European clubs. For a number of years, television has been taking over control from the football fan who attends games, and if there is a limit on spectators attending, or matches are played behind closed doors, television's grip will become stronger. The huge football organisations like Barcelona, PSG and Bayern Munich may be the main attractions every week, as these are rich football businesses which will be able to afford recurring health checks on players and officials.

Only the biggest clubs might thrive and be part of an elite league and cup system, and while the vast majority of football sides may still exist, they could be stuck at a regional level, rarely if ever getting any attention from the media, playing for baubles and minimal financial reward.

How's that for pessimism?

My concerns go right back, I don't see how his investment can make money in Scottish football (before the covid crisis) and I can't see it now. I'm glad he took over, as we were up the creek without a paddle, which could of resulted in us going bust or selling even more assets Ie:stadium, but we aren't answering questions that need answered and it could bite us in years to come. 

I agree on your last point, the crisis in the world will probably burst the global hyper inflation football market which can only be a positive. 
 

Macbonzo wrote:

I suppose, ever since he took over the Club, I've been trying to figure out what Ogren is really worth and how much he has at his disposal. As his businesses are not listed entities, we can only speculate. Most (90% of service stations and budget hotels in the US are franchises) Indians (non indigenous) own nearly all these businesses. Practically no money is made on the sale of gas, so you must make it on margins through the sale of food.

If I was guessing, i would think that Ogren probably had an master franchise for a specified territory for the gas stations (or maybe he developed his own concept and franchised it himself.) in terms of the gas business, this will have been a series of distribution agreements with majors. We know he pocketed $4.89million from the sale of the stores..Is that pretty much what his is willing to allocate to United? i.e. the purchase price of the club plus the investment..

i can't comment on the software company, but can we assume he is making very little income from the hotel "investment" and the two sports clubs at the moment? Is he really spending capital;?

What we don't know is::

His independent wealth minus the businesses mentioned i.e. cash, bonds, equity portfolio

How heavily leveraged he is?

The fact that none of his children want to work in Croix Oil is a slight concern. We all know that the third generation of family businesses don't particularly like hard work. If you asked your 24 year son what he wanted to do, and his reply was: "I want to get involved in real estate and manage sports clubs", you would tell him that he'd better hope that Donald Trump was really his Dad.

 
This !  For me very wise conjectured Mac.
And I mean conjectured In the most positive sense cos isn't educated risk/conjecture what business is all about.
We might also conjecture that his present financial situation may have something to with the Braniggan/DUSF shite going down .

For me I would say  I just have the  gut feeling that he genuinely wants us (and himself obviously ) to do well.
- Unlike that chawed caramel faced baldy heided wee bastard before him !