Glazers Zap Deal For $74 MillionJuly 8th, 2009
So it was announced the Glazer Boys sold their majority share of basically inactive financial holding company Zapata Corp. for $74 million.
This $74 million isn’t a whole heck of a lot of cash in the world of the billionaire Glazer Boys unless, of course, they are secretly broke and need the money to pay down the massive debt incurred by purchasing Manchester United in 2005.
But Joe just doesn’t buy that the Glazers are so broke. Smart, frugal, crafty, calcuating — yes. But desperate for cash? No.
If they Glazers were so hurting for money they’d have Manchester United play some English Premier League preseason games in Tampa. (The English preseason began this week.)
But that’s never happened, despite the fact that Manchester United consistently tours the globe every preseason to build its empire. They’re off to Malaysia and the Far East in two weeks.
Say it were two games in Tampa, both would sell out for top dollar and the Glazers would make a small fortune and could probably squeeze Bucs ticket sales out of the local and state tourism bureaus for bringing such a big tourist attraction to the region.
But the Bucs haven’t gone for this easy cash grab. Not the mark of a desperate group.