Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Glazer gets last laugh?
Tampa Bay Times, April 26th, 2012 4:30PM

MOST READ

MOST COMMENTED

A decade ago, British soccer fans roundly booed Tampa Bay Buccaneers owner Malcolm Glazer as he took control of the venerable club Manchester United. And critics quickly derided the debt-heavy deal as financially unwise.

"I can't see from my point of view why it is such a good business deal," Alan Sugar, prominent businessman and host of BBC television's The Apprentice, said in 2005, adding that Glazer had paid a "very full price."

No one is questioning Glazer's financial acumen lately, reports Jeff Harrington. Manchester United's worth soared 20 percent this year to a stunning $2.24 billion, according to the latest valuations by Forbes. That solidifies its status as the most valuable sports franchise on the globe, leaving American wannabes like the New York Yankees and Dallas Cowboys in the dust (about $385 million behind by last count). According to a Forbes' analysis, when Glazer gradually took over the team between 2003 and 2005, Man U was valued at $1.4 billion.

"Hindsight is 20-20 (but) in terms of being a smart business investment, I think it's exceptional," said Kathleen Davis, sports economist and CEO of the Sport Management Research Institute in Southern California. "They're a premier team in a premier league, and that exclusivity and global brand continues to carry their valuation each year."

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Real's Navas Seeks Legal Action for Costa Rican Spying    
The Associated Press is reporting Thursday that Real Madrid goalkeeper Keylor Navas will take legal action ...
Mandzukic: Guardiola 'Didn't Treat Me with Respect'    
In an interview with Croatian newspaper Sportske Novosti, Mario Mandzukic says he is enjoying playing for ...
Roma's Destro to Consider Future     
Mattia Destro on Wednesday cast doubt around his future after scoring the opening goal in AS ...
Allegri: 'Lack of Maturity' Costs Juve     
Despite hitting the woodwork several times and having much the better play throughout, Juventus lost 1-0 ...
Report: Former President Hoeness Warns Bayern     
German daily Bild reports that former Bayern Munich President Uli Hoeness, who is currently in prison ...
Pellegrini 'Worried' as City Crashes Out of League Cup     
Manchester City relinquished its hold on the English League Cup on Wednesday with a poor display ...
Herrera Questions Klinsmann Inclusion for FIFA Award    
Miguel Herrera, for one, isn't impressed with USA coach Jurgen Klinsmann's inclusion in FIFA's shortlist for ...
Ancelotti: Blatter 'Unable to Keep His Mouth Shut'     
Real Madrid coach Carlo Ancelotti on Tuesday accused Sepp Blatter of being "unable to keep his ...
Report: Spain's Tax Authority Probes Barca, Real Stars     
Marca on Wednesday reported that some of La Liga's highest profile players over the last several ...
Reports: Moyes to Take Over at La Real?    
Spanish media reports claim that former Manchester United coach David Moyes is among the names being ...
>> Section 2 Around the Net Archives