Malcolm Glazer came into the global limelight after he owned the Manchester United the biggest and the best football club across the world. But was soon in the controversy during the year 2005 the club went into the debt of millions of dollars after that buyout and the hardcore Manchester United fans did not like it a bit.
Although the news of his passing away was announced on the official website of the Tampa Bay Buccaneers American football team which is one more franchise of Glazer.
The message reads: “The Tampa Bay Buccaneers are saddened to announce the passing of owner/president Malcolm Glazer earlier this morning at the age of 85. He was a dynamic business leader. Glazer helped mold the Buccaneers into a model franchise and one respected league-wide.”
Under the able leadership of Glazer the Buccaneers won their first ever National Football League in the Super Bowl in the year 2002. The stock market reacted sharply after the Glazer’s death as the shares of Manchester United slipped notably on the New York Stock Exchange on Thursday morning.
Although there won’t be any difference in the ownership of the Manchester United as 90% of the holding in the club is under Galzer’s family. His two sons Joel and Avram Glazer will remain the co-chairmen of this prestigious club and his other son Bryan Glazer will remain on United board.
“The thoughts of everyone at Manchester United are with his family tonight.” said the official Manchester United release.
Galzer’s US$ 1.2 billion buyout of the Manchester United prompted a widespread protest among the club’s hardcore fans. Despite five EPL titles and 2008 Champions League title victories by the United after Galzer’s entry into the club, he remained one of the unwanted figures within the Manchester United fans. The reason mainly was that the million dollar expenditure created by Glazer’s way of functioning would have been used for the goods for the club as per may Manchester United fans.
The Manchester United Supporters’ Trust vice chairman Sean Bones had paid tribute to Malcolm Glazer on his death, but did not forget to mention about the debt issue the club is facing due to Glazer. He even said that since his children are on the board, he sees not much difference in the coming days either.