PatsFans.com Menu
PatsFans.com - The Hub For New England Patriots Fans
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
PatsFans.com Supporter
2024 Weekly Picks Winner
2025 Weekly Picks Winner
Joined
Aug 13, 2005
Messages
23,867
Reaction score
19,780
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.
MORSE: Patriots Rookie Mini Camp and Signings
Patriots News 05-10, Patriots Rookie Minicamp Starts
MORSE: Way Too Early 53-man Roster Projection
Several Remaining Patriots Free Agents Still Seeking Homes
ESPN Insider on Patriots A.J. Brown Trade: ‘I Think He Knows Where His Future is Headed’
Former Patriots Staffer Reveals Surprising Person Behind Two Key Player Cornerstone Additions in 2021
Patriots News 05-03, A.J. Brown Concerns, Vrabel’s Saga
MORSE: Clearing the Notebook from the Patriots Draft
What Does An Early Look At The Patriots’ 53-Man Roster Prediction Look Like?
MORSE: Final Patriots Draft Analysis
Back
Top