May 28, 2014, 4:54 PM EDT
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.
Sep 16, 2014, 11:57 PM EDT
Maxi Urruti and Fabian Espindola both snatched braces as MLS sides went atop their groups.
Sep 16, 2014, 10:55 PM EDT
Despite saying in June he would step down after the World Cup, the former Real Madrid manager has made a U-turn.
Sep 16, 2014, 10:13 PM EDT
USMNT captain Clint Dempsey was Seattle’s savior in extra time as he delivered the winner in a 3-1 win and lifted his first-ever club trophy.
Sep 16, 2014, 9:06 PM EDT
President of Toronto’s ownership group, Tim Leiweke had harsh words for the Toronto FC locker room. Michael Bradley disagrees.
Sep 16, 2014, 8:23 PM EDT
Insanely strict new rules proposed by FA chairman Greg Dyke would eliminate non-EU players from the lower leagues completely and slash the amount in the Premier League by around 50%.
Sep 16, 2014, 7:46 PM EDT
We now know why Jonas Gutierrez has barely featured for Newcastle in the last year or so.
Sep 16, 2014, 7:09 PM EDT
The man who can’t stay on the pitch has tweaked a very problematic part of his body.
Sep 16, 2014, 6:29 PM EDT
Benzema bags Real’s fifth goal on Tuesday, which turned out to be their 1000th goal in continental competitions. Wowza.
Sep 16, 2014, 5:59 PM EDT
Gerrard scores last-gasp winner, but Liverpool under-performed again in narrow win.
Sep 16, 2014, 5:27 PM EDT
Arsenal’s captain notes the danger of falling behind at BVB, while Klopp calls his teams performance “nearly perfection.”
Sep 16, 2014, 5:13 PM EDT
Contrasting fortunes for PL sides, as eight games kick off the new UCL season. Find out what happened, right here.
Sep 16, 2014, 4:45 PM EDT
A dominant performance from the 2012-13 finalists made easy work of the visiting Gunners.
Sep 16, 2014, 4:44 PM EDT
Dramatic finale at Anfield as Liverpool leave it late to beat Bulgarian minnows.
Sep 16, 2014, 4:20 PM EDT
Okay, so it’s 66.5 goals but you know the rules of rounding and Diego Costa is your proverbial example of being on fire.
Sep 16, 2014, 3:40 PM EDT
Real fly out of the traps, while Arsenal are caught on their heels. Updates on all eight games, right here.
Sep 16, 2014, 3:08 PM EDT
Remember that time Jose Mourinho told Frank Lampard he was the best player in the world … in the shower? No? Oh, right. That’s because you have to watch this.
Sep 16, 2014, 2:40 PM EDT
Kaka was obvious, but who else is making the move from USL PRO to Major League Soccer next season?
Sep 16, 2014, 1:55 PM EDT
The fairly-even history between Philadelphia and Seattle meets at a momentous crossroads tonight at PPL Park in Chester.
Sep 16, 2014, 1:29 PM EDT
Manchester United, Aston Villa leap up the list after impressive wins on the weekend.
Sep 16, 2014, 12:56 PM EDT
The jacked-up keeper was released by Hoffenheim last season as his body became too muscular to stand between the sticks (at least according to the club).
- Captain Clint fires Seattle Sounders to US Open Cup crown in 3-1 extra time win over Philadelphia 3
- Report: FA to overhaul work permit rules to cut down on non-EU players 0
- UEFA Champions League roundup: Liverpool win late; Real Madrid, Dortmund victorious 0
- Borussia Dortmund 2-0 Arsenal: Gunners outclassed by BVB 4
- Liverpool 2-1 Ludogorets: Gerrard grabs last-gasp winner after scare 0
- Premier League player of month on pace for 67 goals (video) 0