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Glazers' soccer debt exceeds $1.1 billion

Rumors continue to swirl that the family who owns the Tampa Bay Buccaneers is spread too thin, given the financial condition of its English soccer club, Manchester United.

Multiple reports indicate that the debt has reached 716.5 million pounds, which equates to $1.17 billion.

The increase was driven by net interest accrued of 68.5 million pounds during the fiscal year ending in June 2009.

The high debt comes in large part from the purchase of the club by the Glazers in 2005.

Many fans of the Bucs and followers of the NFL have suspected that the Glazers’ failure to spend more money on their American football team is related directly to the Manchester United debt.  The Glazers consistently have denied any connection, and Bucs front-office employees persistently have defended the franchise’s spending habits.

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32 Responses to “Glazers' soccer debt exceeds $1.1 billion”
  1. Stetson wears panties says: Jan 20, 2010 10:59 PM

    If Jerry Richardson can’t buy the Bobcats from Bob Johnson, then these fruits shouldn’t be allowed to own a Soccer team.

  2. ladybucs&steelersnut says: Jan 20, 2010 11:02 PM

    The Glazers must think the fans are really, really stupid. Even some moron who doesn’t follow football could look at the way they dessimated the team at the end of the ’08 season (players AND coaches), and at what they replaced it all with, then come to the conclusion that these morons just won’t stop denying. I hope they lose another ten thousand season ticket holders this offseason. They make me sick.

  3. sniperhare says: Jan 20, 2010 11:05 PM

    They should sell the team to LA and stick with soccer. It would at least let the Tampa fans finally have ownership that cares about the team.

  4. StrawHatCook says: Jan 20, 2010 11:09 PM

    You know, I had season tickets for the Bucs this year, they werent cheap and the team was not good, I got a call today from their offices asking if Im going to renew for next year, I told I wouldnt because the team was not worth the amount of money it cost me to watch. I spend $700 for the full season and then lets not forget its $25 to park and then the food and bear wasnt cheap either. Altogether I would say I spent a little over $1300 at that place and the experience was ok at best. Now, I’m not a fan of them at all, I wanted to watch football live and this was my first year living in a city with an outdoor stadium. I will say that alot of the fans here are fed up with the owners and how they wasted money in a RB like Ward who hasnt produced and are keeping a coach that at points of the year he mentioned that there were times where he didnt enjoy his job. What are they going to do now? Tickets for next year are not going to get cheaper and people arent going to renew their full seasons if they feel that the Glazers arent trying to put together a Championship winning team. The morale of the city is pretty low and going to all these games this year I dont think aside from the TB/GB game there was a game were they had more Bucs fans than the opposing team. That includes pre-season. If the Glazers cant handle having both, they should just sell the Bucs and take care of MU.

  5. JaggedMark says: Jan 20, 2010 11:11 PM

    The Glazers could save a few bucks if they stop purchasing unsold tickets to Buccaneer games, which they do regularly to avoid a blackout and give the appearance of a sell out.

  6. schooney says: Jan 20, 2010 11:14 PM

    They need a face lift like the leather face man in Dallas and then theri money woes are gone

  7. TFBuckFutter says: Jan 20, 2010 11:15 PM

    I have a friend who is a season ticket holder.
    He said during training camp, there was almost no security personnel. As in, you could pretty much walk right up to the players if you wanted…..or could, you know, actually identify any of them.

  8. JetGreeeen says: Jan 20, 2010 11:24 PM

    Man ….. those Glazer kids are so ‘effin homely its distrurbing. They also seem really really stupid.

  9. Froham says: Jan 20, 2010 11:24 PM

    Why not mention this?:
    “United said earlier this month they would launch a 500 million pound high yield bond to help refinance the debt taken on by the American Glazer family to buy the club in 2005.”
    Same article, slightly less of a headline though.

  10. MasterShake says: Jan 20, 2010 11:26 PM

    Proof is in the “Puddin”????

  11. MrHumble says: Jan 20, 2010 11:28 PM

    I’m surprised the NFL hasn’t stepped in to try and salvage the team and fan base.

  12. TFBuckFutter says: Jan 20, 2010 11:30 PM

    It’s never a tough decision on which team to short change when you know the fans of one are relatively indifferent, and the fans of the other will beat you to death.
    It’s too bad the Glazers don’t own the Eagles. Then it would be a tougher call.

  13. Caldon says: Jan 20, 2010 11:36 PM

    As long as they are spending over the cap floor (which they are) what is the problem. People complain about teams “buying championships” and now complain when they don’t spend enough.

  14. waterboy says: Jan 20, 2010 11:37 PM

    The Glazers are still paying Gruden in addition to the current coach so I doubt that money was a factor in his firing.

  15. twinkletoes says: Jan 20, 2010 11:45 PM

    I’m surprised the Glazers haven’t given up the ghost yet and put the Bucs up for sale. You know they will not be players during free agency and are a prime candidate to trade down during the upcoming draft as well.
    As bad as the Florida economy is, the downturn in the Bucs’ performance is all the reason fans need to save their money and skip the games on Sundays. It’s looking more and more like the Fins are the only NFL team in the state with genuine staying power.

  16. AvO156 says: Jan 20, 2010 11:53 PM

    Joel and Bryan…you guys have single handedly destroyed your father’s name. WE MISS YOU MALCOLM!!

  17. tombic1 says: Jan 21, 2010 12:15 AM

    Just an update in Buffalo- since you guys aren’t showing it- The Bills fired Pro Personel Director John Guy!!!!!!!!!!!!!! Fans are ecstatic!!

  18. ILuvOldLadyPorn says: Jan 21, 2010 12:17 AM

    So they’re robbing football to pay for football?

  19. TremendousPenetration says: Jan 21, 2010 1:19 AM

    What fan in their right mind actually believes what any of these greedy, selfish and slimy owners have to say. NEWSFLASH… they tell you what you want to hear!

  20. venis2k1 says: Jan 21, 2010 3:10 AM

    StrawHatCook:
    what you have just said, is the most insanely idiotic thing I have ever heard. At no point, in your rambling incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points and may God have mercy on your soul.
    signed,
    15 year Buffalo Bills ticket holder.

  21. Route36West says: Jan 21, 2010 3:37 AM

    Im not saying it isnt true but the only place I have seen making this connection is pft, and Florio is leading the parade.

  22. kazkal says: Jan 21, 2010 4:13 AM

    Welcome to LA where they need 2 teams and 5 teams in Cali :| Wish Oregon could get one team lol

  23. DKfan says: Jan 21, 2010 4:30 AM

    “given the financial condition of its English soccer club, Manchester United.” Mike it’s not the club’s revenue that’s hurting the Glazers, it’s the HUGE loan they needed to buy the club.

  24. xgbx says: Jan 21, 2010 6:55 AM

    I wonder if when they got their latest financial statements, they flopped to the ground and writhed in pain.

  25. TFBuckFutter says: Jan 21, 2010 7:49 AM

    “Route36West says:
    January 21, 2010 3:37 AM
    Im not saying it isnt true but the only place I have seen making this connection is pft, and Florio is leading the parade.”
    Then you must not live in the Tampa area or aren’t paying attention.
    They threatened a lawsuit against Clearchannel over a month ago because one of their sportscasters reported this.

  26. Mean D says: Jan 21, 2010 7:59 AM

    With the buffoon known as Radio as head coach, the Glazers wil be buying 20,000 tickets per home game in 2010.

  27. Nuckinfutz says: Jan 21, 2010 8:59 AM

    It’s really quite funny actually.
    The Bucs fans think that funds are being diverted from the Bucs, in order to fund the soccer team.
    Meanwhile……if you go to England……the Manchester United fans think that funds are being siphoned out of the soccer team, in order to support the football team in the United States.
    I went to London for the Pats/Bucs International Series game, and the soccer fans over there were adamant that this was the case.
    The bottom line is that the Glazers have spread themselves too thin, and nobody is happy.

  28. Kevin from Philly says: Jan 21, 2010 9:07 AM

    TFBuckFutter,
    I’m sick of people ragging on Eagles fans – but I gotta admit, that was a pretty funny post.

  29. Jim01 says: Jan 21, 2010 9:34 AM

    So, would you rather have the Glazers or Al Davis owning your team?

  30. Dbuck says: Jan 21, 2010 9:40 AM

    @venis2k1
    Quoting Adam Sandler movies doesn’t make you smart or clever, it just make you an idiot who can’t think of anything poignant to say.

  31. venis2k1 says: Jan 21, 2010 10:18 AM

    Actully Dbuck. I thought a bills fan not having a problem with a team slashing costs and going the cheap route was somewhat poignent. Anyways, i appologise for trying to make a reference that wasnt from Seinfield. you were right to point out my post in such a douchy manner.
    I am the master of my domain (better now)

  32. KILLER FIN says: Jan 21, 2010 11:43 AM

    L.A. BUCCANEERS???

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