Manchester United and Tampa Bay Buccaneers owner Malcolm Glazer passes away at 86
Malcolm Glazer, owner of Premier League giants Manchester United and NFL side Tampa Bay Buccaneers has died at the age of 85.
News 29 May 2014, 01:28 IST
Malcolm Glazer, owner of Premier League giants Manchester United and NFL side Tampa Bay Buccaneers has died at the age of 86.
It is being reported that his death will not have any significant effect on the ownership of the Premier League club, as the 90% stake not listed on the New York Stock Exchange is owned by his family.
A spokesperson for Manchester United said: "The thoughts of everyone at United are with the family tonight."
The Glazers completed the takeover of the Premier League club via their Red Football parent company in May 2005 after having initially started at 3.17% in September 2003. The final purchase price of the club amounted close to £800 million.
They have been accused of siphoning money from the profits the football club makes to pay off the debt they had taken to buy them in the first place. Fans have been protesting about the Glazer ownership and their financial model for years despite Manchester United winning 2007, 2008, 2009, 2011 and 2013 Premier League titles and the 2008 Champions League title.
Tampa Bay Buccaneers, on the other hand was bought by Malcolm Glazer in 1995 and the franchise have done well to earn seven playoff berths, get five playoff wins, and get their first Super Bowl championship in 2002 since then.
He is survived by his wife Linda, six children including Avram, Bryan and Joel and 14 grandchildren.