Sunday, December 6, 2009

Glazers Sell REALLY Expensive Home

According to the Palm Beach Daily News, the Glazer family, which owns the Tampa Bay Buccaneers, has sold off a major property in the upscale beach town.

"La Bellucia," at 1200 S. Ocean Blvd, sold for $24 million. Malcolm Glazer's First Allied Jacksonville Corp. bought the 5-bedroom/6.5-bathroom oceanfront property in July 2000 for $14 million.

Are the owners of the Bucs trying to sell off their assets to pay their debt on Manchester United, as some have suggested on both sides of the Atlantic? And was Dan Sileo onto something when he said the Glazers were in financial dires that would eventually force them to sell their billion-dollar NFL franchise?

It's unlikely we'll know anytime soon, as the Glazers aren't exactly the most forthcoming individuals...but it's hardly mere coincidence the Bucs have both the NFL's lowest payroll and NFL's worst record.

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