Winning a Super Bowl can have many impacts on a franchise, especially financially. According to Forbes, the Bucs have experienced the largest increase of any franchise in the NFL over the past year.
Forbes annual list ranking the NFL’s most valuable teams came out Wednesday, with the Bucs slotted 21st overall. The 29 percent increase equals a nearly $660 million financial gain. This places the Bucs at a valuation of $2.94 billion dollars.
The Glazers originally bought the franchise in 1995 for $192 million. At the time of purchase, the Glazers set a record for the amount they paid. The $2.94 billion evaluation equals more than a 15-time return on their initial investment.
The Glazers have done well putting resources back into the community with the Glazer Family Foundation. The foundation supports charitable causes in advancing children’s education and well-being. Starting the Glazer Vision Foundation in 2006, it aims to help identify children with vision problems at early school ages. The family also donated $5 million to the construction of Tampa’s Glazer Children’s Museum, along with many other philanthropic efforts in Tampa Bay.
The Glazer family has been on the forefront in the hiring of minority and women coaches and staff in the NFL. Owner Darcie Glazer-Kassewitz has been a leading voice with the Women of Red, a group for the team’s female fans, and has been a leader in the charge for more opportunities for women in sports.