Pages

Wednesday, 28 May 2014

Manchester United Owner Malcolm Glazer Dies Aged 85



Manchester United owner Malcolm Glazer has died at the age of 85. The Glazer family purchased United for £790m in May 2005 amid protests from the Premier League club's fans.

However, the Red Devils went on to win five Premier Leagues (2007, 2008, 2009, 2011 and 2013), as well as the 2008 Champions League title.

A spokesman for the Premier League club said: "The thoughts of everyone at Manchester United are with his family tonight,"

The New York-born American's sons, Joel and Avram, took over the day-to-day running of the club after their father suffered a stroke in April 2006.The Glazer family retain a 90% share in United - split equally among Glazer's six children - with 10% listed on the New York Stock Exchange.

American Glazer also purchased the Tampa Bay Buccaneers NFL fanchise in 1995.

Glazer's business career started when he took over the family watch-parts business aged 15, following the death of his father.

He continued to invest in other businesses and acquired a diverse portfolio of international holdings and public companies, including First Allied, Zapata Corporation, Houlihan's Restaurant Chain, Harley Davidson, Formica, Tonka, Specialty Equipment and Omega Protein.

Glazer is survived by his wife Linda, his six children and 14 grandchildren.

0 comments:

Post a Comment