May 28, 2014, 4:54 PM EST
Manchester United and Tampa Bay Buccaneers owner Malcolm Glazer passed away Wednesday morning at the age of 86 years old.
The news broke in a press release published on the Buccaneers website that explained the NFL team would remain in the family. Glazer’s passing is not believed to have any effect on the overall structure of United, with the family retaining a 90% share with the remaining 10% listed on the New York stock exchange. With Glazer experiencing a growing list of health troubles prior to his death, sons Joel and Avram have been running the club and, from all indications, will continue doing so.
From United’s website:
The thoughts of everyone at Manchester United are with the Glazer family tonight following the news that Malcolm Glazer has passed away.
From the Buc’s website:
The Tampa Bay Buccaneers are saddened to announce the passing of owner/president Malcolm Glazer earlier this morning….
Known among his league peers as a pioneering thinker, Glazer infused his team and employees with the determination and dedication to be the best in the NFL. Glazer’s commitment to building a championship organization has provided the foundation for continued success, on and off the field…
Mr Glazer’s long-established estate succession plan has assured the Buccaneers will remain with the Glazer family for generations to come. Linda Glazer, along with their five sons and daughter, will continue to own and operate the team as they have throughout the family’s ownership.
Glazer’s acquisition of United began in September 2003 and was completed in June 2005 through a debt-driven purchase totaling $1.4 billion. After going public in August 2012, the Glazer family now controls more than 147 million shares valued at approximately $2.2 billion.
Despite well-publicized hostility to Glazer’s purchase of United, the decade of ownership proved to be the most successful in the club’s history, winning three League Cups, five Premier League titles and the 2008 Champions League.
Malcolm Glazer grew up in Rochester, New York, as one of seven children and took over his family watch-parts business at the age 15 following the death of his father. He entrepreneurial nature continued into adulthood acquiring a diverse portfolio of international holdings including the Bucs (valued over $1 billion) and a real estate company (First Allied Corporation) that owns 6.7 million square feet of shopping center space across 17 states.
He leaves behind his wife, Linda, their five sons, Avram, Kevin, Brian, Joel and Edward, and their daughter, Darcie.
Nov 23, 2014, 11:50 AM EST
Fastest ever red card? It certainly has a shout after Australian completes an ugly tackle straight after coming on.
Nov 23, 2014, 10:48 AM EST
Mauricio Pochettino has called on Ben Davies and five others to fix things for Spurs, as both sides make a whopping six changes to their lineups from last weekend.
Nov 23, 2014, 10:26 AM EST
Yannick Bolasie was a force down both flanks as Neil Warnock’s Crystal Palace pulls out of the relegation zone.
Nov 23, 2014, 10:01 AM EST
David Moyes began his tenure in Spain with a 0-0 draw, but there was more to it than that.
Nov 23, 2014, 8:19 AM EST
After missing the World Cup while rehabbing a serious ankle injury, Marco Reus is faced with yet another long road back.
Nov 23, 2014, 7:48 AM EST
With Daniel Sturridge shelved for weeks and Mario Balotelli unable to get past a groin knock, Liverpool turns to Rickie Lambert to produce goals at Selhurst Park.
Nov 22, 2014, 11:59 PM EST
On Sunday, AC Milan will play host to rivals Inter Milan in “derby della Madonnina”, and Roberto Mancini is back.
Premier League Saturday highlights: Manchester United skirts by Arsenal, Newcastle gets fifth straight win
Nov 22, 2014, 10:41 PM EST
Watch Premier League highlights from all of Saturday’s Round 12 games.
Nov 22, 2014, 9:47 PM EST
New York Red Bulls’ Designated Player Tim Cahill is far from doubting his team’s capabilities against the New England Revolution in the Eastern Conference Championship on Sunday.
Nov 22, 2014, 7:56 PM EST
La Liga weekend roundup, as it stands now.
Nov 22, 2014, 7:12 PM EST
Chelsea boss Jose Mourinho apologized to supporters for criticizing the stadium atmosphere, while praising his team’s play in a 2-0 blanking of West Brom.
Nov 22, 2014, 6:45 PM EST
Rooney: “We weathered the storm” in 2-1 victory over Arsenal.
Nov 22, 2014, 5:15 PM EST
His squad controlling possession and gathering a fair amount of chances on goal, Arsene Wenger believes his side deserved a better result against Manchester United.
Nov 22, 2014, 5:03 PM EST
One game is a rematch of the 3-3 draw that left Luis Suarez in tears, but both Palace and Liverpool have much bigger things to worry about.
Nov 22, 2014, 5:00 PM EST
All the action from the PL’s seven games on Saturday.
Nov 22, 2014, 4:45 PM EST
Elsewhere, USMNT defenders Timmy Chandler (right) and John Anthony Brooks picked up wins in 90 minutes each for their clubs.
Nov 22, 2014, 4:25 PM EST
Despite an wonderful 1-0 result over QPR to keep their winning run alive, Alan Pardew feels the pain of Ryan Taylor’s sudden injury.
Nov 22, 2014, 3:55 PM EST
Barcelona’s diminutive legend is really good at soccer.
Nov 22, 2014, 3:38 PM EST
This season, he has all his players and no excuses. So The Special One is a little ticked off that his Blues aren’t pouring forth goals to match their dominant play.
Nov 22, 2014, 3:35 PM EST
Irvine: “We actually went a goal down to a goal which I thought was offside and that makes life very difficult here.”
- Crystal Palace 3-1 Liverpool: Bolasie carves up Liverpool defense 1
- Report: Marco Reus is out for rest of 2014 with torn ankle ligament 2
- Premier League Sunday preview: Liverpool, Spurs take to road to face fellow strugglers Palace, Hull 1
- Premier League roundup: Wins for Manchester United, Chelsea, Burnley (video) 0
- WATCH: Messi’s teammates repeatedly toss him in air after breaking La Liga record 1
- Marquee win proves van Gaal’s Manchester United on the right track 0