The Glazers got a bit of bad news today: Forbes' latest list of billionaires values the owners of the Buccaneers at only $4.2 billion.
Yes, my tongue is firmly-planted in-cheek, but the valuation is down about 5% from last year's $4.4 billion valuation. No explanation from Forbes on the change, but maybe it was all the tickets Malcolm Glazer & family had to buy to avoid blackouts this year?
The richest sports owners appear to still be the Seahawks' Paul Allen (who also co-founded Microsoft) at $15.9 billion, Miami Heat owner Mickey Arison surging 14% to $6.5 billion this year (even though the company he chairs, Carnival Cruise Lines, has had it rough), and the Dolphins' subsidy-seeking owner, Stephen Ross, at $5.4 billion.
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The Glazers had to put out about $400,000 to prevent a blackout or two during the 2012 NFL season. That does not move the needle from $4.4 billion to $4.2 billion. What does move the needle is the fluctuation in stock price for MANU - from about $17 per share 3/2013 to about $15 per share now. That accounts for about $400 million drop in the value of their MANU investment, which is now about $2.2 billion.
ReplyDeleteThey didn't "put out" a dime. That is what they want you to think. Even if they did "put that out," that money came from the taxpayer in the first place.
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