Malcolm Irving Glazer (born 25 May 1928 in Rochester, New York) is an American businessman and sports-team owner. He is president and chief executive officer of First Allied Corporation, a holding company for his varied business interests, most notably in the food processing industry. He holds controlling stakes in England's Manchester United Football Club and the Tampa Bay Buccaneers, a National Football League team located in western Florida, United States.

Biography

The business first expanded into property, buying several mobile home (or "trailer") parks in the 1970s, mainly in the Florida area. He went on to become president and chief executive officer of First Allied Corporation, a U.S. holding company for his various business interests, such as food processing, marine supplies, health care, real estate, energy exploration, and broadcasting.

Malcolm Glazer now lives in Palm Beach, Florida. He is married to Linda and has five sons and one daughter: Avram, Kevin, Bryan, Joel, Darcie and Edward. Three of them (Joel, Bryan and Edward), are vice-presidents in First Allied. He runs a wide-ranging business empire that includes shopping centers and nursing homes.

On 16 April 2006, Glazer suffered a stroke causing impaired speech and loss of mobility in his right arm and leg. At the time, his son Joel said "My father's spirits are high and doctors expect his condition to improve with rehabilitation," but after spending much of the intervening period in the hospital, Glazer suffered a second stroke in May, 2006.

Business history

Glazer's first attempt at a corporate takeover was in 1984, when he launched an unsuccessful 7.6 billion dollar bid to buy the bankrupt freight rail company, US Conrail. He also failed in an attempted takeover of kitchen designer Formica in 1988 and, later, with motorcycle manufacturer Harley-Davidson.

One of the companies that Glazer did purchase successfully was the nearly bankrupt Zapata, an oil and gas company founded by George H. W. Bush. Glazer successfully diversified it into fish protein and Caribbean supermarkets.

Glazer has owned a diverse portfolio of nationwide investments which include food service equipment, food packaging and food supplies, marine protein, broadcasting, health care, property, banking, natural gas and oil, the Internet, stocks and Bonds (finance)

Tampa Bay Buccaneers

In 1995 Malcolm Glazer purchased the Tampa Bay Buccaneers, a National Football League franchise, for a then-record $192 million following the death of former owner Hugh Culverhouse. The front office staff of the team includes sons Bryan Glazer, Edward Glazer and Joel Glazer.

Immediately upon purchasing the Bucs in 1995, Glazer declared the team's home field, Tampa Stadium, inadaquate and began lobbying local government for a replacement.. Glazer entertained relocation offers from other cities, but kept the Bucs in place after the local government agreed build the franchise a $200 million state-of-the-art stadium (the future Raymond James Stadium) to be funded by a local sales tax increase. Due in large measure to a very favorable lease agreement in which the team collects most of the revenue from the stadium while the local government must pay almost all of the expenses, the franchise was valued at $963 million by Forbes magazine in 2007.