That’s billion with a B.
Malcom Glazer and his sons own the Bucs and English Premier League team Manchester United, and both teams are in massive debt according to the BBC.
According to the BBC who has claimed to see mortage files, the Glazer’s borrowed $570 million against a shopping mall they own on top of the $1 billion in debt tied to Man. U and almost $100 with the Bucs.
The Glazers said they have over $2.9 billion in assests as they stand by their refusal to sell Manchester United.
The report on the BBC was researched by Andy Green, a financial analyst in London who is a member of a group attempting to oust the Glazers from owning the team.
