Malcolm Glazer, owner of Manchester United, passed away today at the age of 85. Survived by his wife, Linda, and his six children, Glazer will leave the club and his NFL franchise (Tampa Bay Buccaneers) with the family.
Glazer’s ownership over Manchester United was heavily divisive and viewed unfavorably by fans. Having been debt-free for a long period of time, the club found itself 400 million pounds in debt after Glazer bought the club back in 2005. It was reported that Glazer borrowed huge sums of money to purchase the club for $1.47 billion and used the club’s profits to pay off the interest.
Although Glazer was inept in handling the financial responsibilities with the club, his tenure with Old Trafford produced five Premier League titles and one UEFA Champions League trophy.
Malcolm Glazer was born on May 25, 1928 in Rochester, New York as one of seven children, and took over his family’s business at 15 years old after his father passed away. He continued his career in the professional world by investing in a variety of businesses. His portfolio included First Allied, Zapata Corporation, Harley Davidson, Formica, Tonka, and Omega Protein among others.
Back in March 2010, Forbes Magazine ranked Glazer as tied for the world’s 400th richest person, estimating his net worth at $2.4 billion.