Information AboutMalcolm Glazer |
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Malcolm Irving Glazer (born 1928 in Rochester , New York ) is an American businessman and sports-team owner. He is President and Chief Executive Officer of First Allied Corporation , a Holding Company for his varied business interests. He holds controlling stakes in the Tampa Bay Buccaneers , a National Football League (NFL) team located in Florida , and Manchester United , a top FA Premier League Football Club from Manchester , England . BIOGRAPHY Malcolm Glazer now lives in Palm Beach, Florida. His father was said to be a deserter from the Russian Army before travelling to the US. He went on to became head of his family and took over the watch parts business in 1943 at the age of 15 when his father died. At that time he had just $300 to his name. However, his sisters claim that his father left him a sizeable inheritance. The business first expanded into property, buying several mobile home parks in the 1970s , mainly in the Florida area. He went on to become president and Chief Executive Officer of First Allied, a US holding company for his various business interests. He is married and has six sons - three of them (Jokey, Gayan and AV), are vice-presidents in First Allied. He now runs a wide-ranging business empire that includes shopping centers and nursing homes. On Easter Sunday 16 April , 2006 Glazer suffered a stroke, impairing his speach and loss of mobility in his right arm and leg... In a statement his son Joel Glazer said "My fathers spirits are high and doctors expect his condition to improve with rehabilitation". Glazer was released from Florida 's Cleveland Clinic on 24 April , 2006 and is currently resting at home. BUSINESS HISTORY After his mother's death in 1980 , Glazer was involved in an acrimonious dispute with his sisters over their mother's $ 1 million Will . Glazer’s first attempt at a corproate takeover was in 1984 , when he launched an unsuccesful $7,600 million bid to buy the bankrupt freight rail company, US Conrail . His attempts to raise the difference between his own $100m assets and the purchase price failed. He also failed in an attempted takeover of kitchen designer Formica in 1988 and, later, with motorcycle manufacturer Harley-Davidson . One of the companies that Glazer did purchase successfully was the nearly bankrupt Zapata , an oil and gas company founded by George H. W. Bush . Glazer successfully diversified it into fish protein and Caribbean supermarkets. Glazer has owned a diverse Portfolio of nationwide investments which include Food Service equipment, food packaging and food supplies, marine protein, Broadcasting , Health Care , Property , Banking , Natural Gas and Oil , the Internet , Stocks and Bonds and even sausage skins makers. SPORTS OWNERSHIP Tampa Bay Buccaneers Since 1995, Malcolm Glazer has been the owner of the Tampa Bay Buccaneers , a National Football League franchise, after paying $192 million. The front office staff of the team includes Bryan Glazer , Edward Glazer and Joel Glazer . The Glazer family was enticed by Baltimore with plans for a new more profitable stadium but after the city of Tampa passed legislation for and a new state-of-the-art stadium Raymond James Stadium . It was built in Tampa to retain the team and replaced the old dated Tampa Stadium that was maligned by sportscaster Chris Berman as the "Big Sombrero" for its shape. As Of 2004 the franchise is valued at around $675 million. Prior to Glazer ownership the Buccaneers were perrenial losers, maligned by others as the Yuccaneers and other derogatory names. The hiring of qualified football coaches and office staff quickly turned around the franchise and in a short few years the team was a playoff contender. In the 1998 season the team, then coached by Tony Dungy, was defeated in the NFC championship game by the heavily favored St. Louis Rams in a game in which the Bucs and their defensive-minded scheme nearly pulled a major upset. In 2003, in the first season with new coach Jon Gruden, the Buccaneers, once laughing stock of the league defeated the Oakland Raiders for their first Super Bowl victory. Ironically, the same Oakland Raiders team that Gruden had coached the year prior. Manchester United See Also: Malcolm Glazer takeover of Manchester United In May 2005 , Glazer paid $1,400 million for a 98% stake in English Premier League Football team Manchester United, following a nearly year-long Takeover battle. The takeover was fiercely opposed by many fans of Manchester United, led by Shareholders United , principally due to the fact that the Glazer takeover saddled the club with a large debt (over $850m). A new non-league team, FC United was formed in 2005 by disgruntled former Shareholders United members. EXTERNAL LINKS
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