Thursday, 29 May 2014

Manchester United Owner dies at 85 @ManUtd @Malcolm_Glazer

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Malcolm Glazer
Malcolm Glazer, the controversial owner of Manchester United has died, according to a statement from his NFL franchise the Tampa Bay Buccaneers.

The American businessman, 85, leaves behind his wife, Linda, six children and 14 grandchildren.

The statement said: 'The Tampa Bay Buccaneers are saddened to announce the passing of Owner/President Malcolm Glazer earlier this morning at the age of 86.'
Born in Rochester, New York as one of seven children, Glazer took over the family watch-parts business at age 15 following the death of his father and then continued his foray into the professional world, investing in other businesses.

Glazer owned or was a substantial shareholder of a diverse portfolio of international holdings and public companies, including: First Allied, Zapata Corporation, Houlihan’s Restaurant Chain, Harley Davidson, Formica, Tonka, Specialty Equipment and Omega Protein.

In 2005, Glazer purchased Manchester United and in that time the club earned five league titles, as well as a Champions League title.

But his tenure as owner has not been without controversy. Many supporter claim the squad has been on the decline since 2009 and the Glazer have been shielded by the ‘genius’ of Sir Alex Ferguson in recent years.

They claim club's spending power has been dented by spending hundreds of millions on financial restructuring and debt payments, and this has limited funds available for investment in the playing squad.


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