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19 May 2005
UK Casino Deal May Complicate
Glazer's Plan
Manchester
United has used its formidable brand name to market
everything from sports equipment and soccer schools to a
movie theater and an internet broadband service.
The team is now taking its
merchandising efforts to a whole new level with its plans to
build a UK casino. But that could cause headaches for its
new owner, Malcolm Glazer, as he balances the interests of
his prized acquisition with his US football franchise, the
Tampa Bay Buccaneers.
On May 10, just two days
before Glazer secured a majority stake in Manchester, the
English soccer team said it had signed an agreement with Las
Vegas Sands Corp. to develop a resort and casino near the
team's stadium, Old Trafford.
The project could also
create a dilemma for Glazer. The National Football League
prohibits NFL team owners from holding an ownership interest
in a casino and bars all teams and league personnel from
having any promotional arrangements with gambling
establishments, according to NFL spokesman Greg Aiello. But
Aiello added that it wasn't clear whether the prohibition
would apply to Manchester's casino plans, saying he wasn't
familiar with the specifics of the proposal.
Related pages:
Glazer
In Talks With Casino Mogul
Also see:
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