(Glazer patriarch Malcom, contemplating whether being mistaken for Charley Steiner is a compliment or not)
The Tampa Tribune’s Roy Cummings reports a local radio host has been suspended by Clear Channel after claiming Thursday morning the Glazer family — owners of the Tampa Bay Buccaneers and Manchester United — had lost nearly a half billion in Bernie Madoff’s ponzi scheme, and might soon be forced to sell the NFL franchise.
Dan Sileo, who hosts the early morning show on WDAE, quoted a “friend” who works with the Securities and Exchange Commission as saying the Glazers lost $440 million in the Ponzi scheme.
Mike Killebrew, program director for WDAE, said that WDAE and Clear Channel Tampa will not be issuing any comment about Sileo’s remarks until they “get a handle on the situation.”
Killebrew said station officials have asked Sileo not to make any comments about the situation, as well.
Sileo said the Glazers’ involvement has led them to consider bankruptcy. Sileo also gave his opinion that the team could be for sale as a result of the owners’ financial distress.
“The Tampa Bay Buccaneers are not, nor have they ever been for sale,” Glazer’s statement said. “In addition, our family or any of our related companies have never invested one penny with Bernie Madoff.
Sileo’s report also said the Glazers allotted only $2 million for free agent signings each season the past five years. The Bucs are $23 million below the NFL’s imposed team salary cap of $127 million.