Glazer (6do encyclopedia)



Joel Glazer is an American businessman, entrepreneur, and co-owner of the world-famous Manchester United football club. He is one of the six children of the late Malcolm Glazer, a billionaire who was the owner of the Tampa Bay Buccaneers of the National Football League (NFL). Joel Glazer has been running the daily operations of the Glazer family businesses since his father’s passing in 2014.

Early Life and Education

Joel Glazer was born on May 31, 1966, in Rochester, New York. He grew up in a family of six siblings, including brother Bryan Glazer and sister Darcie Glazer Kassewitz, and was raised in the Jewish faith. After completing his early education, Joel attended American University in Washington, D.C., where he earned his Bachelor of Science degree in business administration.

Career

Joel Glazer began his professional career working for the family business, First Allied Corporation, which was involved in property development, finance, and legal services. He then went on to work as a vice president for the NFL team Tampa Bay Buccaneers. In 2003, Joel and his siblings inherited the controlling stake in Manchester United when their father, Malcolm Glazer, took over the club.

Together with his brother Avi Glazer and sister Darcie Glazer Kassewitz, Joel is a member of Red Football LLC, which owns Manchester United, and the Buccaneers ownership group. Since 2014, Joel has been leading the operations of the Glazer family businesses, including Manchester United, in the aftermath of his father’s death.

Manchester United Ownership

Joel Glazer played a significant role in the acquisition of Manchester United by his family’s investment firm, Red Football LLC. The purchase of the football club was highly controversial and faced hostility from Manchester United fans. The Glazer family borrowed over $1 billion to fund the acquisition, leading to concerns about the club’s financial stability and the level of debt that they were carrying.

Despite this, Joel Glazer has overseen a period of sustained success for Manchester United, with the club winning numerous honours and trophies during his tenure. Manchester United has also been able to build a world-class training facility and stadium expansion project under his leadership.

Controversies

Joel Glazer has faced numerous controversies in his time as co-owner of Manchester United. He has been criticised for a lack of investment in the club, with some fans feeling that Manchester United’s performance has suffered as a result. Joel was also involved in the failed European Super League project, which was widely unpopular among fans.

In addition, Joel Glazer has also faced criticism for his role in the Glazer family’s ownership of Tampa Bay Buccaneers. The family has been accused of ignoring the team’s fans and failing to invest in the franchise.

Personal Life

Joel Glazer is notoriously private and little is known about his personal life. He is married and has four children, and is reported to reside in New York City.

Philanthropy

Joel Glazer has been involved in numerous philanthropic initiatives during his time as co-owner of Manchester United. The club’s foundation, Manchester United Foundation, works to improve the lives of young people in the Greater Manchester area, with a focus on education, health, and social inclusion.

Additionally, he has also been actively involved in supporting numerous charitable causes in the United States, including the American Cancer Society, the Special Olympics, and the Boys and Girls Club.

Conclusion

Joel Glazer is a prominent business figure and co-owner of one of the world’s most successful football clubs. Despite facing criticism for his ownership of Manchester United and Tampa Bay Buccaneers, he has overseen a period of sustained success for the club and has been involved in numerous philanthropic initiatives. With his family, he is expected to continue to play a crucial role in sports and property development.


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Stadium woes create opening for Manchester United suitors

Financial Times

23-05-17 04:35


Manchester United's stadium, Old Trafford, is in need of immediate investment. Though the stadium was once envied by the footballing world, it has not undergone redevelopment since the Glazer family leveraged their buyout of Manchester United in 2005. Although Old Trafford remains the largest club football stadium in the UK and generated €126m in match-day revenue last year, Tottenham Hotspur’s new ground, which has a lower capacity, generated €125m in match-day revenue and increased its commercial earnings by 21% via non-football events such as concerts and NFL games. Manchester United’s European rivals are also revamping their stadiums at a faster pace. Real Madrid is due to complete a €900m overhaul of its 80,000-capacity Santiago Bernabéu stadium this year and has secured €360m from US investment firm Sixth Street to partner on non-football-related events. Meanwhile, Barcelona has secured €1.45bn in financing for its own stadium revamp.

https://www.ft.com/content/1456e8e0-9b1d-4bc8-b12d-79b8f76e0810
Raine bags $65mn fee advising WWE on Endeavor takeover

Financial Times

23-05-17 04:23


Raine Group stands to make $65.5m from World Wrestling Entertainment's (WWE) merger with free-fighting organisation the Ultimate Fighting Championship, according to US securities filings. The bank helped sell Chelsea Football Club for £2.5bn ($3.22bn) in 2018 and, more recently, it has been advising on a prospective sale of Manchester United for the Glazer family. JPMorgan and Moelis are also expected to make around $25m each from the $21bn transaction. Raine founded in 2009, has about 25 partners and managing directors and employs about 175 staff.

https://www.ft.com/content/05d9c2b6-84d4-4944-96ea-a5540066e382
Sheffield United in takeover talks with US Silicon Valley consortium

Telegraph

23-05-17 12:03


Sheffield United is being looked at by an American consortium of capital fund investors interested in Premier League opportunities. The group is keeping anonymous while talks with the club have taken place, and they have also appointed an English-based technical advisor to liaise with the potential deal. The Yorkshire club is owned by Prince Abdullah, who was locked in talks with Nigerian businessman Dozy Mmobuosi earlier this season over a £115 million sale. If the American consortium were successful in taking over Sheffield United, they would add to the number of Premier League clubs under American ownership.

https://www.telegraph.co.uk/football/2023/05/17/sheffield-united-takeover-us-silicon-valley-consortium/
What Man Utd’s new owner really wants

Financial Times Opinion

23-05-18 10:36


The motives behind the purchase of football clubs by wealthy individuals are often misunderstood, according to Simon Kuper in the Financial Times. Many rich owners believe they will “run the club like a business”, using their savvy to generate profits and success. However, this oftentimes fails to materialise as clubs balance the demands of chasing trophies with the financial realities they face. Kuper said owners often end up with neither, citing the example of billionaire Jim Ratcliffe, whose football investments have yet to bear fruit. However, clubs such as Manchester United, Tottenham and Arsenal, which tend to disappoint fans but have large followings, have tended to thrive financially. Kuper suggested that most billionaire owners are motivated by either fun or status and wrongly believe they can make an impact on their football clubs. However, clubs often significantly appreciate in value, therefore pleasing owners once they decide to sell.

https://www.ft.com/content/d7accc1d-7437-444f-879d-5a27f940eb47
United bidder Ratcliffe ‘now the second-richest person in the UK’

The Independent

23-05-19 06:00


Sir Jim Ratcliffe, who has bid to take control of Manchester United, has shot up the Sunday Times Rich List to become the second-wealthiest person in the UK. Ratcliffe accrued a personal wealth of £29.688bn ($41.53bn), according to the list, up 400% on last year. Ratcliffe's chemical company INEOS has bid for the controlling stake in United, and is competing with Sheikh Jassim, whose latest bid was reported to be for the remaining 100% of the Premier League club. Ratcliffe previously topped the Rich List in 2018 when his wealth was £21.05bn.

https://www.independent.co.uk/sport/jim-ratcliffe-ineos-nice-sheikh-jassim-sunday-times-rich-list-b2341900.html
The Zone of Interest, Cannes review: Jonathan Glazer’s Auschwitz film is horrifying in its banality

Telegraph

23-05-19 19:01


The latest film from British director Jonathan Glazer presents the true story of Rudolph Höss, who served as the commandant of Auschwitz. Based on an adaptation of Martin Amis’s book The Zone of Interest, the film, despite its lack of anything graphic, offers a startlingly effective narrative by presenting the daily routines of the Nazis who worked in the concentration camp. Auschwitz is never shown directly, the brutality only hinted with images which build in intensity as the film progresses. Despite key moments of repugnance, it is still described as an essential and truly moving experience.

https://www.telegraph.co.uk/films/0/zone-of-interest-review-jonathan-glazer-cannes-2023/
Auschwitz drama 'Zone of Interest' marks director Glazer's first Cannes foray

Reuters

23-05-19 18:13


British director Jonathan Glazer's newest film, "The Zone of Interest," made its premiere at the Cannes Film Festival on Friday evening, drawing celebrities such as Cate Blanchett and Carla Bruni. The movie, shot entirely in Auschwitz, is Glazer's first since 2013's "Under the Skin," and stars German actor Christian Friedel as Rudolf Hoess, the commandant of Auschwitz, and Sandra Hueller as Hoess's wife, Hedwig. It will be distributed by A24 and is based on the novel by Martin Amis about the atrocities committed in the notorious concentration camp.

https://www.reuters.com/lifestyle/auschwitz-drama-zone-interest-marks-director-glazers-first-cannes-foray-2023-05-19/
'Zone of Interest' star: watching myself as Auschwitz commandant frightening

Reuters

23-05-20 15:48


“The Zone of Interest” screened at Cannes on Friday, a film which turns its lens on the Auschwitz death camp, and the commandant who oversaw the extermination of over one million prisoners. A shocking portrayal of events, the film brings a unique perspective to what is a familiar story that will shock and disturb even the hardest of viewers. The film was shot entirely at the Auschwitz concentration camp, for authenticity and impact, and it has emerged as a standard bearer for this year’s Cannes.

https://www.reuters.com/lifestyle/zone-interest-star-watching-myself-auschwitz-commandant-frightening-2023-05-20/
Jonathan Glazer rocks Cannes with a chilling Holocaust drama from a different perspective

Associated Press

23-05-20 15:21


The Zone of Interest, directed by Jonathan Glazer, delivered Cannes' first critical sensation by approaching the Holocaust from an unlikely perspective. The chilling drama uses a fictional German family with a home that borders Auschwitz, who live their mostly peaceful lives while incinerators rumble on in the background. The father is Rudolf Höss, a Nazi commandant who designed Auschwitz, and who lives with his wife and children. Critics said the film's formal rigor captured the capacity of people to compartmentalise horror and predicts it will win the Palme d’Or, which will be handed out May 27.

https://apnews.com/article/zone-of-interest-cannes-jonathan-glazer-auschwitz-0e5665079c18a37762cc4de19ddba4a1