Manchester United and Tampa Bay Buccaneers owner Malcolm Glazer died Wednesday, according to a statement released by the NFL team. The cause of death was not released.
At a young age, Glazer assumed control of his family's watch-parts business after the death of his father, according to a Buccaneers news release. He went on to build wealth by investing and acquiring other business, eventually making most of his fortune with holdings company First Allied Corporation, which includes food-service businesses, transportation companies and banking ventures.
He bought the Buccaneers in 1995 and added Manchester United to his holdings in 2005. Though Manchester United has won several trophies since Glazer purchased the team, including five Premier League titles and a Champions League trophy, he was largely an unpopular figure with supporters at Old Trafford.
Glazer's death is unlikely to have much immediate impact on the teams' operations.
"Mr. Glazer’s long established estate succession plan has assured the Buccaneers will remain with the Glazer family for generations to come," reads a statement from the NFL team. "Linda Glazer, along with their five sons and daughter, will continue to own and operate the team as they have throughout the family’s ownership,"
His sons Avram is the co-chairman of Manchester United.
The Glazer family will conduct a private funeral service.