Thursday, December 23, 2010

British Tabloid Says Glazers Selling ManU

While its direct impact on the Bucs is unclear, The Sun in England is reporting this morning that the Glazer family will sell soccer team Manchester United, the more valuable, yet more indebted, of its two franchises. The Bucs have since dismissed the reports.

In recent months, other reports out of London indicated the Glazers were bleeding money on the team, but had begun paying off some of the debt, estimated as high as 100% of the value of the team.

The Sun reports that the Glazers will sell to "the Qatar royal a ($2.3 billion) deal." Qatar, of course, just landed the 2022 World Cup.

If the report is true, the Glazers would double their investment on the team, leaving them with up to a billion dollars cash profit after paying off their ManU loans. That's money they could sink back into the Bucs...or pay Bryan's enormous Davis Islands water bill.

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