Glaziers Reportedly Over $1.5 Billion in the Hole

In response to the above mentioned article, the Glazier family decided reassure Buc's fans that the owners are in a great position of wealth:

"Buccaneers fans should know that the Glazer family is as financially well-positioned as ever before," said team director of communications Jonathan Grella. "Companies they own generate revenues in excess of $800 million each year.

"Sophisticated real estate experts know that the family's refinancing of their commercial real estate before the global meltdown has proven to be the wise move.

"While First Allied represents only a small portion of their asset portfolio, it continues to generate significant profits, enjoys over 90% occupancy, and has long term non-recourse financing.

"This franchise remains committed to bringing the resources to build its next championship team."

Bucs dispute reports of debt problems | ProFootballTalk.com
 
I hate these guys, and how in the hell did they wind up with ownership of both my favorite teams??? That's just bad luck.
 
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