Monday, April 23, 2012

Glazers' Value Soaring

Forbes' estimates that Bucs and Manchester United owner Malcolm Glazer's net worth is now over $3 billion. That represents a tidy $420 million profit on ManU after some initial concerns about how the Glazer family financed the team:
"The increase in value for Manchester United comes partially from its 330 million-person fan base and its victory in the English Premier League last year. It also comes from the fact that the US dollar has fallen sharply versus the British pound. The currency fluctuation as inflated the value of the soccer team in dollars."
So even though the Glazers have plenty of detractors, they've proven some wrong by emerging from some well-publicized debt problems and questions about their finances.It should be noted, they're also spending big bucks on the Bucs this year.

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