Bucs owners cutting spending to prop up Manchester United?

padre31 · Dec 5, 2009

http://profootballtalk.nbcsports.co...-arise-as-to-the-glazers-other-football-team/

For months, the Tampa Bay Buccaneers have been dogged by claims that they aren't spending enough money on players. In January, former G.M. Bruce Allen vowed to use all of a gigantic salary-cap bulge fueled by years of carrying over excess space in past year.

And then he was fired.

Since then, the Bucs have continued to be frugal, in comparison to most other teams.

Now, a report has emerged that the owners of the Bucs might be tightening the player payroll for Manchester United, the high-profile English soccer team they own.

The perception traces to a debt of roughly $1.79 billion. According to the London Times, efforts to refinance the debt have failed to date, given the overall economic climate. Recently, a European soccer bigwig whose name rings no bells for us suggested that the Glazers bailed on a deal to sign a star Serbian youth because "maybe they are in financial crisis."

The financial concerns arise from a large chunk of the debt that entails a North Jersey-style interest rate of 14.25 percent. Per the Times, the Glazers have been trying unsuccessfully to refinance that obligation.

Perhaps most significantly, the Times claims it has obtained documents reflecting that the terms of the loan place limits on the club's expenditures.
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Now that is interesting, and the first time I've heard of cross ownership causing issues for a NFL Owner.

If true though, the Bucs would be amiable to trading away their high #1 pick this season as it is most likely the last year that massive Rookie Signing Bonuses would be paid...imho.

Muck · Dec 6, 2009

They've been dogged by this stuff for awhile now over here.

Lots of people think they went with Raheem Morris because they could get him on the cheap.

The Man U stuff has been out there too since they bought it.

alen1 · Dec 6, 2009

Good. I'm tired of seeing ****ing Man U spending like crazy. I wish Abramovich would go bankrupt so Chelsea could stop buying every player.

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