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Forbes Says Value Of Tampa Bay Buccaneers Sinking

Posted Jun 9, 2010 by Anwar S. Richardson

Updated Jun 9, 2010 at 04:27 PM

There is another story out questioning the financial stability of the Glazers and this time the report is not from England.

Michael Ozanian, national editor for Forbes.com, is reporting the Tampa Bay Buccaneers value has slipped within a year. Here is the link to the story Value Of Tampa Bay Buccaneers Sinking

Here is what Ozanian wrote:

“Malcolm Glazer’s Tampa Bay Buccaneers need to repair their ship before it sinks. Last year we valued the franchise at almost $1.1 billion but the value will fall well below $1 billion when we update our rankings in September. An NFL executive told me today that for the first time in several years the Buccaneers fell out of the top 10 in the league in revenue in 2009. The team told the St. Pete Times that for the first time in 15 years some of their games will probably be blacked out in their local market. The season ticket waiting has essentially evaporated. Buc fans are angry at the lack of money being spent on players. Some blame Glazer’s highly leveraged purchase of Manchester United. It does not matter if that is true. What matters is that is what fans think is true. The Glazer family needs to plug this hole before it takes the Bucs down.”

Now to be fair, Ozanian did not report how many other NFL teams faced a decline in revenue last season. The economy is rough all around and I seriously doubt every NFL team’s value increased and Tampa Bay was the only franchise with a setback.

Ozanian is correct by stating perception is reality, but the Glazers are far from broke. More importantly, neither Manchester United or the Tampa Bay Buccaneers are for sale.

I am sure Ozanian’s facts are accurate, but if Tampa Bay wins this season (or next year), fans will eventually return.

And so will the Glazer’s increased revenue.