Rebel Rags

[CoolDawg]

Has anyone checked to see if perhaps the owner of Rebel Rags has any business interests in Starkville? Not a clothing store, but maybe some other type business?

 

[patdog]

Go HERE and search for Terry Warren under the Officer Name tab.

 

[engie]

He doesn't. At least not officially. He has an LLC for Dawg Duds but I can't see where he ever capitalized on that.

 

[CochiseCowbell]

He doesn't. At least not officially. He has an LLC for Dawg Duds but I can't see where he ever capitalized on that.

Haha. He "screwed the pooch" on ever getting that off the ground now. I cringe to think of what the children's book would be called.

ETA: That guy really loves him some alliteration.

 

[CoolDawg]

I have heard that he might own an interest in some mini-storage units in Starkville. I guess what I heard was wrong.

 

[BiscuitEater]

According to OscarReb over at the OM 24/7 site, RR is a $10M a year business that stands to win $100M in their 'collusion' and defamation suit.

"The NCAA has control over how far this goes. If they move forward and disassociate RR and TW, I wouldn't want to be on the defendant side. You're talking about shutting down a $10 mil per year business that is a staple. It's the largest single school apparel and merchandise business in America. With the deep pockets involved, I could see a $100,000,000 judgement. Is that chance worth it to some of these defendants? Reputations are also at stake..."

http://olemiss.247sports.com/Board/59412/Contents/Collusion-105411357

 

[TheStateUofMS]

Two things:
1) Ole Miss only cares about their reputation. That is true.
2) There is no reputation (good) to defend

 

[HD6]

I'm supposed to believe that Rebel Rags is the largest distributor of college merchandise in America?

 

[CochiseCowbell]

I'm supposed to believe that Rebel Rags is the largest distributor of college merchandise in America?

And he manages this by selling merchandise with only one school's logo?

 

[17 yo couch]

According to him he is.

There are a lot of people he runs his mouth to that don't like him, and he seems to forget that.

 

[ShrubDog]

He meant to say the Confederate States of America.

 

[benatmsu]

I don't think people understand just how much money $10,000,000 is.
That dude isn't making that kind of money just selling red and blue merch out of a strip mall.

According to OscarReb over at the OM 24/7 site, RR is a $10M a year business that stands to win $100M in their 'collusion' and defamation suit.

"The NCAA has control over how far this goes. If they move forward and disassociate RR and TW, I wouldn't want to be on the defendant side. You're talking about shutting down a $10 mil per year business that is a staple. It's the largest single school apparel and merchandise business in America. With the deep pockets involved, I could see a $100,000,000 judgement. Is that chance worth it to some of these defendants? Reputations are also at stake..."

http://olemiss.247sports.com/Board/59412/Contents/Collusion-105411357

 

[dawgphd]

I don't think people understand just how much money $10,000,000 is.
That dude isn't making that kind of money just selling red and blue merch out of a strip mall.

On a Rebel Rags self administered Manta site their annual sales band is listed at 1,000,000-2,500,000.

You can assume it's in that range. Or you can assume what you what since it's self administered.

Could be like internet inches.

 

[engie]

I don't think people understand just how much money $10,000,000 is.
That dude isn't making that kind of money just selling red and blue merch out of a strip mall.

It's my understanding that his family owned that corner on Hwy 6/Jackson Ave from long before it ever commercialized. I have no doubts that there was serious money pocketed in those transactions and has given him deep enough pockets to try and run with the OM elites -- who will not accept him into the club. He owns/administers a dozen businesses in Oxford. He's got $$ to last a couple of generations. Rebelrags is just basically what he does for fun.

 

[Chesusdog]

It probably also includes the opportunity fund cash reserves.

 

[Xenomorph]

I wonder if he or his family owned Opal's back in the day... Now THAT was Freeze's kinda place!

 

[benatmsu]

Oh, sure. Now I have no doubt the guy has money; and money to burn.
If you include land deals, other holdings, etc.,etc., sure maybe his net worth is $10mil - hell, maybe even his annual earnings.
I have no idea.
But the statement above was that RR is a $10mil/year business.
The thought that a college apparel retail store generates revenue to the tune of $10mil annually is absurd.

It's my understanding that his family owned that corner on Hwy 6/Jackson Ave from long before it ever commercialized. I have no doubts that there was serious money pocketed in those transactions and has given him deep enough pockets to try and run with the OM elites -- who will not accept him into the club. He owns/administers a dozen businesses in Oxford. He's got $$ to last a couple of generations. Rebelrags is just basically what he does for fun.

 

[bulldognation]

The other $7,500,000-9,000,000 goes to Recrootin' Rags.

 

[BlueRidgeMtns]

Foxy Reb is where the money's at***

 

[Wizard of bulldogery]

I just ran the numbers on this for it to work... using 10MM a year revenue it would have to be net... assuming a 5 year ban from NCAA sell merch which would never happen the company would have to value itself to be 30MM current net worth (not sure if proper term) and grow its revenue of 10MM (net) at a rate of 7% annually and you'd a 100mm valuation... this is a simple hypothetical that assumes the company would lose its mythical 30MM in assets magically and there would be no assets to sell off and no revenue would be gained from the sell off. maybe my math is wrong or something.

 

[bruiser.sixpack]

To put the numbers a different way, if his sales are $10 mil a year, he would have to have an average of 249 customers per day to average spending $110.00 per customer. I guess it is possible, but those are moderately sized Grocery Store numbers in Middle Town Mississippi.

 

[17 yo couch]

With the exception of home game weekends, a majority of his sales are online.

 

[57stratdawg]

Yeah, my immediate thoughts were that Warren might own several LLCs which combine for $10MM in revenue annually. Even that seems like a stretch, but perhaps there are gas stations or other high volume setups.

There is absolutely no way Rebel Rags generated $10MM in revenue last year though. None.

Lets say RR is open 300 days a year (Sundays, 4th of July, Christmas, etc). $10,000,000 in revenue would be $33,333 per day. Honestly, i would be surprised if RR broke $1,000,000 in annual revenue.

 

[ababyatemydingo]

On a Rebel Rags self administered Manta site their annual sales band is listed at 1,000,000-2,500,000.

You can assume it's in that range. Or you can assume what you what since it's self administered.

Could be like internet inches.

A high volume dollar general or family dollar does a little over a million a year. If that is some reference. He ain't doing CLOSE to half of what oscareb says. That's just typical OM embellishment

 

[stateguy]

What is (was) Opals?