Malcolm Glazer

Malcolm Irving Glazer ( born May 25, 1928 in Rochester, New York) is an American businessman and owner of sports clubs. He is president and CEO of First Allied Corporation, a holding company, in its various business segments are bundled. He holds majority shares in the football team Tampa Bay Buccaneers from Florida, which plays in the National Football League. Addition, it owns the English soccer club Manchester United. He is married to Linda and has five sons and one daughter: Avram, Kevin, Bryan, Joel, Darcie and Edward

Activities in sport

In March 2003, Malcolm Glazer began buying up shares of Manchester United. It increased its share to 28 percent by 2005, and after much wrangling, the billionaire secured on 12 May 2005 a further 29 percent, which he bought from the Irish businessmen John Magnier and John Paul MacManus. He held the majority and offered for the remaining shares. The total value of its offer was 790 million pounds.

The recorded for purchase loans Glazer wrote to the club so that Manchester United must spend 80 million pounds a year to pay off.

On 16 May 2005, Glazer was able to increase its interest to 75 %, which allowed him to take the club out of the stock market. On June 28, he already belonged to 98% of the shares, raising a forced settlement of the remaining small shareholders has been made possible. Thus, the club is now private property of the Glazer family. Malcolm Glazer's sons Joel, Avram and Bryan were appointed to the Board.

Itemization

• Entrepreneurs (United States)
• Football official
• Americans
• Man
• Born in 1928
• Premier League team owner