Home » Events Coverage » OTAs / Mini-Camps » Articles » BBC Report: Glazers Debt Over $1.5 billion
  • increase font size
  • Default font size
  • decrease font size


June 7, 2010 @ 4:30 am
Current rating: 0.00 Stars/0 Votes

BBC Report: Glazers Debt Over $1.5 billion

Written by Bucs
News Roundup
Bucs News Roundup

Bucs
News Roundup

Not Set E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Via a report on the BBC, ProFootballTalk.com is reporting that the Bucs owners, the Glazer family, have a total debt of $1.5 billion. The debt is believed to be linked to the purchase of the English soccer club Manchester United.

In addition to more than $1 billion in debt relating to the soccer club, the BBC reports that the Glazers have borrowed $570 million against their shopping malls and more than $95 million against their NFL team, the Tampa Bay Buccaneers.

Source: ProFootballTalk.com - Mike Florio

PewterReport.com's Take:
The Bucs owners insist that the neither the Bucs or Manchester United are for sale. Many Bucs fans believe that ownership's debt has caused the Glazers to spend less money on player salaries for Tampa Bay. Since 2004 the Buccaneers have spent the least amount of money on player salaries of any team in the NFL. The team says that money is not an issue and they have resources to sign players to major contracts. Right now they are taking a frugal approach due to the uncertain labor situation in the NFL. Once that comes to a resolution Pewter Report has been told that the Glazers will sign some players to major contracts. The candidates for those deals include left tackle Donald Penn, linebacker Barrett Ruud, and guard Davin Joseph.
ARTICLE RATING

Only registered users can rate articles!

COMMENTS

Only registered users can write comments!
  • Blog

  • Articles

  • Around the Web

more RSS feed
moreRSS feed

Magazine

View Magazine Front
Pewter Prospect: DE Jadeveon Clowney Pewter Prospect: DE Jadeveon Clowney Do the Buccaneers need an impact pass-rushing defensive end? Why would South Carolina defensive end Jadeveon Clowney be an ideal fit in Tampa Bay? Find out in this Pewter Prospect article.
Missed an Issue? Archive
View Magazine Front

Poll

Which position should the Bucs adress with the No. 7 pick?


Pewter Report: Your source for inside and breaking news on the Tampa Bay Buccaneers

Hide Tools Show Tools