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View the article online at http://citywire.co.uk/wealth-manager/article/a753650

Manchester United owner Malcolm Glazer dies

by James Phillipps on May 29, 2014 at 11:11

Manchester United owner Malcolm Glazer dies

Manchester United owner Malcolm Glazer has died aged 85.

Glazer, who also owns the Tampa bay Buccaneers, led the controversial takeover of the 20-time league champions in 2005 in a move which angered fans by saddling the club with £800 million of debt.

However since then, this amount has been halved and the club has floated a number of shares on both the Singapore and New York stock exchanges.

Glazer had been in ill health since 2006 after suffering a stroke, with his sons Joel, Bryan and Ed taking over the running of the two teams.

A statement on the Manchester United website said:The thoughts of everyone at Manchester United are with the Glazer family tonight following the news that Malcolm Glazer has passed away.’

Glazer is survived by wife Linda, six children and 14 grandchildren.

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