Tom Brady’s seventh Super Bowl victory brough long-sought redemption to the Tampa Bay Buccaneers and the billionaires who have owned the team for more than 25 years, Forbes reports.
Why It Matters: Brady and the Bucs defeated the Kansas City Chiefs 31-9 in Super Bowl LV on Sunday, “crowning a renaissance year for the team.” The billionaire Glazer family paid the veteran quarterback a guaranteed $50 million, and he returned a championship to a city that’s been waiting since 2003.
- The Chiefs are owned by the children of Lamar Hunt, a branch of the $15.5 billion Hunt family.
Who Are The Glazers?
- Patriarch Malcolm Glazer turned early real estate and junk bond investments into a $5.8 billion family fortune that today includes roughly $600 million of real estate around the country, the Bucs and Premier League soccer club Manchester United.
- Glazer bought the team in 1995 for a then-record $192 million. Now valued at $2.28 billion, the Buccaneers remain one of American football’s lowliest franchises, ranked No. 29 on the 2020 Forbes list of the most valuable NFL teams.
- He also led a $1.4 billion leveraged buyout of Manchester United in 2005 that left it saddled with debt and fans irate.
Malcolm passed away in 2014, but today his six kids steward both Man U and the Bucs. Joel Glazer and brothers Edward and Bryan all co-chair the Buccaneers, while sister Darcie is president of the organization’s foundation and the Glazer Vision Foundation.
To learn more about the Glazer family, click here.