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Malcolm Glazer's Biography

 
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Malcolm Glazer was born in 1928 in Rochester, New York.

The self-made businessman's wealth was estimated by Forbes in 2004 to be $1 billion.

Malcolm Glazer's life later on was a far cry from back in 1943 when following his father's death, he took over the family watch-parts shop. Glazer's estimated worth back then was $300.

Glazer started making money by investing in mobile-home parks in the 1970s.

In 1980, after his mother's death Malcolm Glazer was involved in an acrimonious dispute with his sisters over her will.

The 1980s for Glazer were notable for a number of failed bids for businesses that included the famous motorcycle company Harley-Davidson. One of the companies that Glazer did successfully purchase was the nearly bankrupt Zapata, an oil company founded by former president George Bush.

Glazer scored a major coup when in 1995 he bought the Tampa Bay Buccaneers for $192 million. The Bucs are now worth many times that and won the 2003 Super Bowl after Glazer had spent a record $8 million to hire coach Jon Gruden of the Oakland Raiders.

Three of Glazer's sons run the Buccaneers.

From 2003, Malcolm Glazer started building up a sizeable stake in Manchester United. Eventually Glazer bought out the club.

However, somewhat ironically, the takeover of United plunged the previously financially healthy club into debt.

Jonathan Legard, who made the BBC radio programme, In Search of the Glazers, reported that Manchester United chief executive David Gill said that the Glazers had been supportive and co-operative since they had taken over at Old Trafford in June 2005.

In April 2006, Manchester United owner Malcolm Glazer had a stroke. It was unclear whether it would affect the running of Man Utd in any way as he had already delegated responsibility for the club to his sons Joel, Avi and Bryan.

On 8 June 2010, the BBC transmitted a Panorama documentary entitled Man United - Into the Red, in which they claimed that the Glazers were £1.1bn in debt - £400m more than previously known.



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