Malcolm Glazer, the billionaire sports team owner who brought a Super Bowl title to the Tampa Bay Buccaneers and was disdained by fans of the U.K.’S Manchester United soccer club when he bought the team in 2005, has died. He was 85.
Manchester United Plc team owner Malcolm Glazer is so loathed by fans that some once burned him in effigy. They might hate him even more if they learn how he tried to hide the true state of the soccer club’s finances before its August initial public offering.
The owners of Manchester United Ltd., winner of 19 English soccer championships, are betting the club can complete an initial public offering that will make it twice as valuable as any other sports franchise.
Arsenal’s controlling shareholder Stan Kroenke said he can’t understand Manchester United supporters’ criticism of the Red Devils’ owners, who’ve led the club as it won four of the last five Premier League titles.
Manchester United topped Forbes magazine’s annual list of the world’s most valuable soccer club with an estimated value of $2.24 billion, a 20 percent increase on last year. David Beckham was again ranked the richest player.