WDAE’s Dan Sileo Suspended By Clear ChannelOctober 29th, 2009
Hours after he claimed the Glazer Family, owners of the Bucs, were near bankruptcy as a result of being involved in Bernie Madoff’s financial scams and likely to sell the Bucs to pay off their debts, Clear Channel, the parent company of WDAE-AM 620, suspended morning host Dan Sileo.
Thursday morning, Sileo, not exactly a credible source of reliable information, threw out all sorts of accusations about the Glazers’ financial status and future of the Bucs. Sileo boasted he would have more information later Friday.
Shortly after Sileo’s show, Joel Glazer, making a rare public statement, harshly scolded both Sileo and Clear Channel hinting at seeking legal action for what Glazer deemed, among other things, “slanderous.”
As a result, Clear Channel suspended Sileo until an investigation can be completed reports Woody Cummings of the Tampa Tribune.
Sileo reported this morning that the Glazer family was among the plethora of high-profile victims in the Madoff scheme and is considering bankruptcy. Sileo also said the Ponzi losses have led to the family being $650 million in debt, and he surmised the team may be for sale.
“The report today by WDAE’s Dan Sileo about our family and the Tampa Bay Buccaneers is 100 percent false,” Glazer said in a statement released by the team.
Sileo, who hosts the early morning show on WDAE, quoted a “friend” who works with the Securities and Exchange Commission as saying the Glazers lost $440 million in the Ponzi scheme.
Joe has heard the audio and Joe will say only this: Given Joe’s decades in print journalism, if someone, anyone, makes such claims from an unnamed source(s), that person better have rock solid evidence the claims are 100 percent accurate beyond a shadow of a doubt.
Given Sileo’s background and track record, just on face value, Joe thought Sileo’s claims were dubious at best.
Let’s be honest here: Some of the most reputable newspapers, both American and international, including the Wall Street Journal, New York Times, The Times of London, the Miami Herald, and various New York and English tabloids, have scoured Madoff’s records and files as well as government documents and none of these organizations’ teams of investigators have found even a hint of a financial connection between Madoff and the Glazers.
How a sports radio host in Tampa with a chequered past could find this information on his own, well, it’s a stretch for Joe.