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June 2, 2014

Malcolm Glazer’s long established estate succession plan for the two sports teams he owned will ensure they remain with the Glazer family for generations to come, the family has said in a statement.

Malcolm Glazer’s long established estate succession plan for the two sports teams he owned will ensure they remain with the Glazer family for generations to come, the family has said in a statement.

Malcolm Glazer, the US real estate mogul and owner of Manchester United and NFL team the Buccaneers, has died aged 85.

The Buccaneers made a statement on their website about the future of the team.

August 3, 2012

The Moratti family, which owns more than 95% of Inter Milan – one of Italy’s most famous football clubs – is to sell some of its stake to a group of Chinese investors. But unlike other football club-owning families that have recently made headlines, the Morattis aren’t selling to clear off debts.

The Moratti family, which owns more than 95% of Inter Milan – one of Italy’s most famous football clubs – is to sell some of its stake to a group of Chinese investors. But unlike other football club-owning families that have recently made headlines, the Morattis aren’t selling to clear off debts.

A statement this week by Internazionale Holding, the football club’s parent, said: “The Moratti family will keep control of the company while the group of Chinese investors will become the second largest shareholder.”

July 5, 2012

Manchester United looks set for a US listing, but the Glazer family is planning to keep a firm grip on the British football team. 

Manchester United looks set for a US listing, but the Glazer family is planning to keep a firm grip on the British football team.

The club is looking to raise about $100 million (€80 million) from a flotation in New York later this year, which will go some way to dealing with the its high levels of debt – it currently owes about £423.28 million (€534 million), mostly related to the Glazer family's controversial 2005 takeover of the team.

October 25, 2011

Class distinction extends to company ownership with families ensuring they are upper class. But what does this mean for corporate governance at family businesses? 

As one of the most successful football teams in the world, Manchester United is used to commanding headlines and courting the media. But when reports began emerging in August that the club would be floated on the Singapore stock exchange, no one at United was talking, not least the Glazers, the American family which bought the team in 2005.

September 21, 2011

Manchester United’s planned initial public offering has been put on hold amid continued instability in global markets, according to reports. 

Manchester United’s planned initial public offering has been put on hold amid continued instability in global markets, according to reports.

The Glazer family, which purchased the English football club in a controversial buyout in 2005, is willing to wait until next year if necessary before listing United on the Singapore stock exchange, the Financial Times said.

September 1, 2011

Manchester United, the British football club owned by the Glazer family, made a record operating profit of £110 million last season, buoyed by higher match day and media revenues, as well as new sponsorship money.

Manchester United, the British football club owned by the Glazer family, made a record operating profit of £110 million (€124.69) last season, buoyed by higher match day and media revenues, as well as new sponsorship money.

August 17, 2011

The Glazer family is preparing to give up sole ownership of Manchester United, with reports suggesting a partial flotation of the British football club is likely. 

The Glazer family is preparing to give up sole ownership of Manchester United, with reports suggesting a partial flotation of the British football club is likely.

An initial public offering in Singapore, which could raise up to $1 billion, is reportedly being considered and could take place by the end of the year depending on market conditions.

The cash could come as a welcome relief to the debt-ridden club, which is currently forking out £45 million a year in interest on its deficits.

May 6, 2011

What is it about family business leaders and football? They love the sport and are also prepared to lose millions on the game.

What is it about family business leaders and football? They love the sport and are also prepared to lose millions on the game.

Football in the UK attracts investment from prominent figures, many of them linked to family businesses including steel magnate Lakshmi Mittal and Abu Dhabi’s Sheikh Mansour. In Italy families back some of the largest clubs; the Agnellis finance Juventas and the Moratti family are behind Inter to name just a few.

May 28, 2010

The Glazer family, owners of English Premier League football club Manchester United, made it clear today that the club is not for sale despite facing growing discontent from fans and reported offers to purchase the club.

The Glazer family, owners of English Premier League football club Manchester United, made it clear today that the club is not for sale despite facing growing discontent from fans and reported offers to purchase the club.

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