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Manchester United owner Malcolm Glazer dead

Tampa, May 29, 2014 || BAd news for sports lovers. Specially followers of football. Malcolm Glazer, the controversial American owner of English Premier League giant Manchester United, died Wednesday. He was 85. Deeply unpopular with hardcore United fans after loading the club with hundreds of millions of dollars in debt following a 2005 buyout, his death was announced on the website of the Tampa Bay Buccaneers American football team, one of his other sports franchises.

glazerShares of Manchester United slipped sharply on the New York Stock Exchange after Glazer’s death was announced but finished the day unchanged in thin trade at $16.30. Glazer’s death is not expected to have any bearing on the ownership of the club, with his family retaining a 90 percent holding in United. His sons Joel and Avram Glazer continue to serve as co-chairmen of the club. Another son, Bryan, remains on the United board, a media report says.