PatsFans.com Menu
PatsFans.com - The Hub For New England Patriots Fans

Tampa Bay owners in huge debt?


Status
Not open for further replies.

jmt57

Moderator
Staff member
Joined
Aug 13, 2005
Messages
19,301
Reaction score
12,889
While most of the focus has been on Buffalo and Jacksonville, could Tampa Bay be in financial difficulty? If I'm not mistaken, they've spent barely above the salary floor the last few years.

http://www.nytimes.com/reuters/2010/01/20/business/business-uk-soccer-manunited-accounts.html?_r=1
Debts at Manchester United's parent company hit 716.5 million pounds in the year to June 2009 due in part to high interest payments, its accounts showed Wednesday.

Accounts for Manchester United's holding company Red Football Joint Ventures Limited showed the debt had risen by 17 million pounds in the year. Net interest for the period was 68.5 million pounds.

Not surprisingly, Florio weighs in - with a slightly different spin:
Glazers' soccer debt exceeds $1.1 billion | ProFootballTalk.com
Rumors continue to swirl that the family who owns the Tampa Bay Buccaneers is spread too thin, given the financial condition of its English soccer club, Manchester United.

The high debt comes in large part from the purchase of the club by the Glazers in 2005.

Many fans of the Bucs and followers of the NFL have suspected that the Glazers' failure to spend more money on their American football team is related directly to the Manchester United debt. The Glazers consistently have denied any connection, and Bucs front-office employees persistently have defended the franchise's spending habits.
 
Status
Not open for further replies.


Thursday Patriots Notebook 4/25: News and Notes
Patriots Kraft ‘Involved’ In Decision Making?  Zolak Says That’s Not the Case
MORSE: Final First Round Patriots Mock Draft
Slow Starts: Stark Contrast as Patriots Ponder Which Top QB To Draft
Wednesday Patriots Notebook 4/24: News and Notes
Tuesday Patriots Notebook 4/23: News and Notes
MORSE: Final 7 Round Patriots Mock Draft, Matthew Slater News
Bruschi’s Proudest Moment: Former LB Speaks to MusketFire’s Marshall in Recent Interview
Monday Patriots Notebook 4/22: News and Notes
Patriots News 4-21, Kraft-Belichick, A.J. Brown Trade?
Back
Top