Glazer family sells Zapata to hedge fund
Our friends in the Times/tampabay.com Business department have posted an interested item to their Venture Blog about the Glazer family selling its majority stake in Zapata Corp. to a hedge fund for $74 million. Of course, the Tampa Bay Buccaneers owners have a heavy relationship with hedge funds that loaned them money for the purchase of Manchester United. Still unclear is what the Glazers overall financial situation is, but Zapata was an important investment, serving as a holding company for other businesses. Malcolm Glazer's son, Avram, is chief executive officer of Zapata.