Buccaneers owners dispute financial woes

Football Betting Lines

06/07/2010 - Tampa, FL (Sportsbook Betting Lines) - The Tampa Bay Buccaneers released a statement Monday saying that the Glazer family, which owns the team, is "well positioned" financially, refuting a British report that claims otherwise.

The statement comes on the same day a BBC report said the family, which also owns Manchester United of the English Premier League, has a debt of about $1.6 billion -- more than $570 million than previously known. The report said the debt levels may threaten the family's ownership of Manchester United, but added that the Glazers said they hold nearly $3 billion in assets.

The BBC reported that mortgage documents show the Glazers have borrowed $570 million against their shopping centers (First Allied Corporation) and $95 million against the Buccaneers. That's in addition to their $1 billion Manchester United debt, part of which the BBC reported will be charged at an interest rate of 16.25 percent.

In light of the report, the Buccaneers released a statement Monday saying that their fans "should know that the Glazer family is as financially well- positioned as ever before." The statement said companies the Glazers own generate more than $800 million in revenue each year.

"Sophisticated real estate experts know that the family's refinancing of their commercial real estate before the global meltdown has proven to be the wise move," the statement said.

"While First Allied represents only a small portion of their asset portfolio, it continues to generate significant profits, enjoys over 90 percent occupancy, and has long term non-recourse financing.

"This franchise remains committed to bringing the resources to build its next championship team."

The BBC reported, however, that most of the shopping centers do not generate enough income to draw even with interest payments, adding that four have already gone bankrupt. The report said banks have put a number of the centers on a watch list, and said First Allied properties are worth about $550 million -- less than what the family borrowed against the company.

Wtravelocity Football Betting News

<< Rose moves to 33rd in world rankings
Philadelphia, PA (Sportsbook Betting Lines) - Justin Rose earned his long-awaited first PGA Tour win on Sunday at the Memorial Tournament and jumped from 66th to 33rd in this week's world golf rankings. Graeme McDowell collected his fifth European T

<< Parker soars in world rankings after first LET win
Philadelphia, PA (Sportsbook Betting Lines) - England's Florentyna Parker claimed her first Ladies European Tour title on Sunday and soared 93 places to No. 139 in the world rankings for women's golf. Meanwhile, Yoshimi Kohda also earned her fi

<< Real Madrid locks up Higuain
Madrid, Spain (Sportsbook Betting Lines) - Argentina striker Gonzalo Higuain has ended uncertainty about his future at Real Madrid by signing a new six-year contract. The 22-year-old South American has been heavily linked with a move to En

<< Vorsah extends Hoffenheim deal
Sinsheim, Germany (Sportsbook Betting Lines) - Hoffenheim defender Isaac Vorsah has ended speculation over his career by penning a new three-year contract with the Bundesliga side. Vorsah, who is expected to feature heavily for Ghana in thi

<< Hewitt rolls; Ferrero falls on grass in Halle
Halle, Germany (Sportsbook Betting Lines) - Former world No. 1 Lleyton Hewitt was an easy first-round winner, while former top-ranked star Juan Carlos Ferrero came up a loser Monday at the Gerry Weber Open, a grass-court Wimbledon tune-up. The ei

Lookin At Lucky tops final three-year-old poll >>
New York, NY (Sportsbook Betting Lines) - Preakness Stakes winner Lookin At Lucky came out in first again in the final NTRA Thoroughbred Three-Year-Old Poll of 2010. The colt was followed by Kentucky Derby champ Super Saver and Belmont Stakes winner

Rybarikova, Tanasugarn advance in Birmingham >>
Birmingham, England (Sportsbook Betting Lines) - Tenth-seeded reigning champion Magdalena Rybarikova and Thai veteran Tamarine Tanasugarn were among Monday's winners at the $220,000 Aegon Classic, a grass-court Wimbledon tune-up. Rybarikova

Brewers part ways with veteran P Suppan >>
Milwaukee, WI (Sportsbook Betting Lines) - The Milwaukee Brewers released veteran right- handed pitcher Jeff Suppan on Monday. The 35-year-old came to Milwaukee via free agency in December 2006 after spending the previous three seasons with St.

Shea claims first Player of the Week award >>
New York, NY (Sportsbook Betting Lines) - FC Dallas midfielder Brek Shea was voted Major League Soccer Player of the Week for week 11 of the 2010 MLS season. Shea scored two goals for FC Dallas in the span of two minutes during their 2-0 victory

Montgomerie fires 62 to qualify for British Open >>
Berkshire, England (Sportsbook Betting Lines) - European Ryder Cup captain Colin Montgomerie fired an eight-under 62 on Monday to qualify for his 21st consecutive British Open. Montgomerie matched the 18-hole scoring record on Sunn

MySportsbook.com: NBA Championship Odds

With the playoffs about two months away, the top two teams in the Western Conference are the clear cut leaders to win the NBA Championship. The Dallas Mavericks have the best record in the NBA (44-9) and have been absolutely scorching since the second week of the season.  What makes the Mavs’ record more impressive is the fact that they dropped their first four games of the season.  Currently they have won 17 out of their last 18 and are MySportsbook.com’s favorite (2-1) to win it all.  Right behind the Mavs are the Pacific leading Phoenix Suns (39-13).  Last season, the Suns lost in the Conference Finals to non-other then the Mavericks four games to two.  Of course the Suns were without center Amare Stoudemire who has is averaging 19.9 PPG and 9.5 RPG since coming back from his knee injury.  Unlike the Mavs, the Suns have struggled a bit lately having lost their last three and four out of their last seven.  Of course the main reason for their three straight loses is due to the absence of two time MVP Steve Nash, who is out with a shoulder injury.  Heads-up, the Mavs have beaten the Suns in both of their meetings this season.

In the Eastern Conference, the Pistons (32-19) are the favorites to win it all at 6-1. The addition of Chris Webber seems to have been a good move for the Pistons.  Since coming over from the 76ers, Webber has averaged 13.1 PPG and 7.3 RPG and the Pistons are 11-4.  Even though the defending champion Heat are currently on the playoff making cusp, they are the Eastern Conference team that is getting the most action to win it all (9-1).  The fact that Shaquille O’Neal is back in the starting lineup after missing 39 games probably has something to do with this.  No doubt, Shaq makes a difference when in the lineup as their winning six out of their last seven would indicate.

Just because it is the All-Star break doesn’t mean that you can’t bet on NBA hoops this weekend.  Be sure to log onto MySportsbook.com to bet on who you think will cut down the nets this July. Also, be sure to check out all of the lines and props for All-Star weekend.  With the highest credit card acceptance rate in the industry, there are plenty of ways to cash in on the NBA this weekend.

MySportsbook.com’s NBA Championship odds:

Atlanta Hawks 1000-1

Boston Celtics 5000-1

Charlotte Bobcats 5000-1

Chicago Bulls 20-1

Cleveland Cavaliers 20-1

Dallas Mavericks 2-1

Denver Nuggets 25-1

Detroit Pistons 6-1

Golden State Warriors 250-1

Houston Rockets 12-1

Indiana Pacers 60-1

Los Angeles Clippers 45-1

Memphis Grizzlies 5000-1

Miami Heat 9-1

Milwaukee Bucks 1000-1

Minnesota T-Wolves 200-1

New Jersey Nets 50-1

New Orleans Hornets 150-1

New York Knicks 150-1

Orlando Magic 75-1

Philadelphia 76ers 1000-1

Phoenix Suns 5-2

Portland TrailBlazers 1000-1

Sacramento Kings 250-1

San Antonio Spurs 9-1

Seattle Sonics 5000-1

Toronto Raptors 35-1

Utah Jazz 20-1

Washington Wizards 25-1

About MySportsbook.com:


MySportsbook.com  is the largest sportsbook and casino on the planet, where millions of adult Americans bet on sports, play poker and enjoy blackjack and other casino games online in a regulated and licensed jurisdiction. Named the "Best online Sports Book" by the industry's top magazine, eGaming Review, MySportsbook.com has been leading the online gaming industry since 1996. Dwarfing its nearest competitors in the US, MySportsbook.com has been the first to achieve every significant industry milestone, from record turnover to active users to number of bets--achieving a peak of fifteen bets per second. As the US online gaming leader, the firm and it's products have been featured on CBS 60 Minutes, CNN, ESPN, Wall Street Journal, Barrons, Financial Times, USA Today and in every major newspaper in the US.

To visit this online sportsbook got to MySportsbook.com - this sportsbook accepts credit cards.