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


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
Reports: Messi Close to Barca Pay Raise    
According to reports in Spain, Lionel Messi is close to agreeing a contract extension with Barcelona ...
Scholes Named Man United Assistant Coach     
Paul Scholes on Wednesday was named as an assistant coach to interim Manchester United coach Ryan ...
FIFA Suspends Barca Transfer Sentence    
FIFA on Wednesday temporarily suspended the transfer ban handed to Barcelona for violating its rules regarding ...
Donovan on Moyes     
Landon Donovan on Wednesday sounded off on the news that Manchester United had fired head coach ...
Moyes Speaks Out About United Dismissal     
David Moyes on Wednesday broke his silence after being fired as head coach of Manchester United ...
Simeone: Atleti Tried to Score vs. Chelsea    
Diego Simeone said that in contrast to Chelsea, Atletico Madrid tried to score during the first ...
Mourinho Would Field Weakened Team at Anfield     
Jose Mourinho suggested that Chelsea might have given up on the Premier League title after the ...
Scolari turns criticism back onto the critics    
Brazil coach Luiz Felipe Scolari is shrugging off criticism of several players as tension and excitement ...
Qatar begins down-sizing World Cup plans    
Qatar plans to scale back plans for the World Cup it is scheduled to host in ...
German unions request leniency for late arrival during World Cup    
German union leaders want employers to show leniency towards their soccer-supporting workers by allowing them to ...
>> Section 2 Around the Net Archives