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NFL Commissioner Discusses Glazers' Financial Commitment To Bucs



 

With the ongoing speculation in the British press as well as in Tampa Bay about the Glazer family's financial situation, we felt compelled to ask commissioner Roger Goodell to comment on the matter during his state of the league address this morning in Fort Lauderdale.

Specifically, I asked him whether he was aware of the speculation arising out of the Glazers' mounting debt on their loan used to purchase Manchester United, and if he felt it was causing the family any financial duress (and by extension, perhaps affecting the Bucs).

Here's Goodell's response:

"I talk to the Glazers on a regular basis. I will tell you that they are sound owners. They are terrific for the NFL and we have not seen that there is any stress that would affect the way they operate any of their professional teams, much less the Tampa Bay Buccaneers."

So, that's the official version from the league. Based on his response, he seems aware of the financial burdens created by the debt payments on Man U. But the soccer team produces lots of revenue, which must be allaying the league's concerns that it's a drain on the Glazers. But the fact is, the payments are eating into what would be much higher revenue from the soccer club. So, this debate is probably going to continue for some time to come.

Source: St. Petersburg Times - Stephen Holder

PewterReport.com's Take: Great question to ask, but it's important to remember that Roger Goodell works for the owners, so his response isn't surprising. Actions speak louder than words, and the fact remains that the Bucs spent the least amount of money on player pay roll from 2004-08, investing $449 million in pay roll, according to NFL.com. Bucs general manager Mark Dominik has already stated that the Bucs will not be big spenders in free agency this year despite it going uncapped. Many believe that's yet another sign that points towards ownership's financial issues, which stem from Manchester United, real estate investments, the Bucs and a bad economy.

 

Comments

FLBoyInDallas

Lots of people, especially business people, are suffering right now due to the economic downturn. I'm sure the Glazers are doing their best to weather the storm. In the end, the Bucs are a business and if the best business decision is to keep costs contained then that's what they have to do. Making fans happy is important, but not more so than keeping your business on a sound financial footing. If spending too much on payroll this year would cause undue financial stress then there is no choice but to keep the payroll from increasing by much if at all.

Not what fans want to hear but they're making the smart business move.

4:47pm, February 6, 2010

bucsguy

the fact is if the Glazers dont put $ into the bucs they will lose fans wich will affcet profits the only way to make money is to put a product on the field that sells tickets and merchendise!

7:50pm, February 6, 2010

bucfan47

For anyone by now to not KNOW for 100% FACT that the Glazers are being forced to cut spending because of their decision to branch off and purchase Manchester United. If you don't know that by now, you should.

If the Glazers don't purchase Man. United, there should be little doubt in anyone's mind there would be money available for free agency. The fans and most importantly, the team is being cut short and held back because of this...There's no doubt in my mind.

11:35pm, February 6, 2010

TampaBucks05

Umm, last I heard Man U was no longer a financial burden on the Buccaneers organization. Something about stocks and bonds? Something about hundreds of millions of dollars? Something about a sharp decrease in their deficit?

11:11am, February 7, 2010

JoeG31581

I dont buy into any of this Glazer financial situation affecting free agency. I believe the Glazers are being smart about free agents. Lets face it in this day and age Free Agency is just a mere shadow of itself. The good players get franchised and rarely ever make it to free agency. The ones that do make it to free agency are overhyped and get overpaid... Haynesworth for exampe. Got a $100 million deal and for what? So he can be lazy and not want to play the run, then has the balls to bitch and moan... that doesnt sound like a good investment at all. And we all knew that this offseason wasnt going to be very productive in terms of signing free agents because with no CBA in place there will be even LESS quality amount of free agents available. So i have no clue why were even discussing there financial situation affecting this. All in all they may be over there head in debt but i really dont see it affecting free agency, I think its more of them being smart with there money.

11:42am, February 8, 2010

gobucsgo

What do you expect Goodell to say about one of his bosses, the truth?

3:33pm, February 14, 2010

gobucsgo

What do you expect Goodell to say about one of his bosses, the truth?

3:33pm, February 14, 2010

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