Mark Ogren

[tHeArAb]

Surely we can’t be 13 mill in debt?? Didn’t the owner say the club is in a better place than it was and didn’t TA say that the 5 year plan is on track.

So the 5 year plan was to go on a European jolly and end up back where we were, at the start of the 5 year plan? It makes sense now.

[stokearab]

Surely we can’t be 13 mill in debt?? Didn’t the owner say the club is in a better place than it was and didn’t TA say that the 5 year plan is on track.

From hazy memory the cost of buying the shares, releasing Gussie from mortgage loans, soft loans, etc was in the region of £6m. Since then any losses have been covered by "loans", so that would be why the total "debt" is more than 6. No idea what it actually is but I'd be surprised if it's as high as 13. The debt is to Ogren not to a bank.

[the_arab]

Emotions are running high just now and think sometimes it's good to take a step back and look at things properly

Fact is he took over with us in a total mess with a worrying future,

We have an even worrying future now than when he took over.

The debt is significantly worse to him than it was to ST, we are bottom of the league, we have a poor squad of players, a huge chunk of which are out of contract in the summer. Ogren has stated today he won't put more money in and that were are in debt to him 13 million. So how will we find the money to get build a squad which will bounce back straight away (like he stated) without him investing more money.

Things are not adding up, if you think this is anything other than another ST scenario or even worse then I hope your right but think your in for a shock long term

[stokearab]

Mark Ogren has been taken for a vanity ride by Revolution Sports and as yet no sign that he's woken up to it.
Revolution Sports are the only party in this who are winners!
Ogren with a debt higher than asset value.
Fans angry, disappoinred and concerned.
But Revolution Sports - doing pretty well out of it all I would have thought.

[Jeremy vine]

[QUOTE=stokearab;40223396]From hazy memory the cost of buying the shares, releasing Gussie from mortgage loans, soft loans, etc was in the region of £6m. Since then any losses have been covered by "loans", so that would be why the total "debt" is more than 6. No idea what it actually is but I'd be surprised if it's as high as 13. The debt is to Ogren not to a bank.[/QUOTE
There is a £3 million debt to the Scottish government included in that total.

[stokearab]

I lose the post if I edit, so just to add there's a Foundation Meeting this week which Mark Ogren has agreed to attend.
There's no obligation on Mr Ogren to answer any questions posed so we may not be any the wiser after it. But.... there's no doubt that the Foundation are significant contributors to the club now so he may be more forthcoming than previously because he won't want supporters money withheld going forward.

[stokearab]

[QUOTE=Jeremy vine;40223417]

From hazy memory the cost of buying the shares, releasing Gussie from mortgage loans, soft loans, etc was in the region of £6m. Since then any losses have been covered by "loans", so that would be why the total "debt" is more than 6. No idea what it actually is but I'd be surprised if it's as high as 13. The debt is to Ogren not to a bank.[/QUOTE
There is a £3 million debt to the Scottish government included in that total.

Forgot, aye, interest free over 20 years IIRC

[tHeArAb]

I lose the post if I edit, so just to add there's a Foundation Meeting this week which Mark Ogren has agreed to attend.
There's no obligation on Mr Ogren to answer any questions posed so we may not be any the wiser after it. But.... there's no doubt that the Foundation are significant contributors to the club now so he may be more forthcoming than previously because he won't want supporters money withheld going forward.

A bit of a pain in the arse, but if you are in mobile mode, switching to desktop mode (for the sake of editing) means you can edit your posts.

[Ardler_Arab]

Your having a laugh ���� he stated the club are 13 million in debt at the meeting; do the sums and get your head out of the sand, if he isn’t putting anymore money in and guys like fletcher are on 7k a week it only ends one way and that’s administration.

where are you getting 7k for Fletcher the last I seen he was on 2k and the highest paid player Dylan Levitt is on 6.2k.
But your right in what you're saying about administration. Sometimes thats not a bad thing but I don't won't to test that theory with us.

[stokearab]

[QUOTE=Jeremy vine;40223417]

From hazy memory the cost of buying the shares, releasing Gussie from mortgage loans, soft loans, etc was in the region of £6m. Since then any losses have been covered by "loans", so that would be why the total "debt" is more than 6. No idea what it actually is but I'd be surprised if it's as high as 13. The debt is to Ogren not to a bank.[/QUOTE
There is a £3 million debt to the Scottish government included in that total.

A bit of a pain in the arse, but if you are in mobile mode, switching to desktop mode (for the sake of editing) means you can edit your posts.

Cheers bud, it just seems easier to add on. Occasionally if I've made a right mess I'll copy delete edit and repost. There should be an autocorrect for drinking mode....😎