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Manchester United owner Malcolm Glazer dies aged 85 Manchester United owner Malcolm Glazer dies aged 86
(35 minutes later)
Manchester United’s owner, Malcolm Glazer, has died at the age of 85. Malcolm Glazer, the head of the family that own Manchester United, died on Wednesday morning aged 86, in his hometown of Tampa.
News of the businessman’s death was announced via a statement on the website of the American Football franchise Tampa Bay Buccaneers, whom Glazer also owned. While Glazer drove the controversial process that took control of United for the family in 2005 by leveraging the club with a £500m-plus debt, his recent failing health had meant that two of his sons, Joel and Avram, took on the hands-on role of leading the club. His passing should have little if any effect on the overall structure of the club, with the family retaining a 90% share with the remaining 10% listed on the New York stock exchange.
“The Tampa Bay Buccaneers are saddened to announce the passing of Owner/President Malcolm Glazer earlier this morning at the age of 85,” read the statement. A statement from the 20-times champions last night said: “The thoughts of all at the club are with the family at this time.”
“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 organisation has provided the foundation for continued success, on and off the field. Glazer’s death was announced by the Tampa Bay Buccaneers, the NFL franchise the family also owns. “The Tampa Bay Buccaneers are saddened to announce the passing of owner/president Malcolm Glazer earlier this morning,” read the statement. “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 organisation 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.” “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, who purchased United in 2005 for around £790m, saw the club win five Premier League titles and the Champions League in 2008. It is understood Glazer’s death will not have any significant effect on the ownership of the Barclays Premier League club, with the family retaining a 90% share with the remaining 10% listed on the New York stock exchange. Despite the hostility to Glazer’s purchase of United, his ownership coincided with the most successful era of the club’s history. Since 2005 United have won five Premier League titles, the 2008 Champions League, reached European Cup finals in 2009 and 2011, and won League Cups in 2006, 2009 and 2010.
A spokesperson for Manchester United said last night: “The thoughts of everyone at United are with the family tonight.” Born in Rochester, New York, as one of seven children, Glazer took over the family watch-parts business at the age 15 following the death of his father and then continued his foray into the professional world, investing in other businesses. He 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. He leaves behind his wife, six children and 14 grandchildren.
Glazer’s tenure at Old Trafford was an uneasy one, with many fans unhappy at the level of debt his takeover had put on the club, who have largely continued to prosper ever since.
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. He leaves behind his wife, Linda, six children and 14 grandchildren.