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Bad Investments May Force Glazers To Sell Buccaneers?
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Posted By: MediaGuy 10-29-2009 , 01:41 PM
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Massive losses due to investments with Bernie Madoff have forced the owners of the Buccaneers to run the team on a minimal budget, according to WDAE-AM's Dan Sileo, and may lead to the team's sale. The Glazer family, owner of the Buccaneers since 1995, has been criticized for cost-cutting measures that include purging popular veterans like Derrick Brooks and a 2009 payroll that's the NFL's lowest. However, Sileo says it's largely a result of the family's $450 million indirect loss to Madoff schemes, a claim he backs with information from Wall Street insiders. "Do the Glazers want to get rid of the team? I don't believe that," Sileo said. "But I think sometimes you're pushed into a corner where you've got to come up with coming up with operating expenses and that's why the Bucs are $34M under the salary cap."

Source: WTSP.com
 



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Old 10-29-2009, 01:46 PM
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I don't think now is the time to sell the Bucs......
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Old 10-29-2009, 02:51 PM
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Quote:
Originally Posted by MediaGuy View Post
Massive losses due to investments with Bernie Madoff have forced the owners of the Buccaneers to run the team on a minimal budget, according to WDAE-AM's Dan Sileo
The UK press will have a field day when they catch wind of this. The Glazers are a bunch of brain-damaged rednecks so I guess it wasn't unexpected.
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Old 10-29-2009, 03:13 PM
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They are in no way associated with Madoff. False report by Sileo.
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Old 10-29-2009, 06:10 PM
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i don't even know how the glazers ever MADE money with some of the stupid crap they've done recently.
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Old 11-08-2009, 01:32 AM
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Lets buy the bucs
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Old 11-08-2009, 01:35 AM
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Lets buy the bucs

I love it! Make it a run by polls and votes team. We'll all be shareholders! I've got about 8,000.00. Almost there!
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Old 11-08-2009, 01:58 AM
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We're buying the Bucs?
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