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Glazer, Bucs make it official

A new day officially dawned at One Buc Place on Friday as Malcolm Glazer became owner of the Tampa Bay Buccaneers, closing a deal reached Jan. 16.

In a written statement, the 66-year-old Palm Beach financier said: "This purchase fulfills a longtime dream of mine. Now it's time for us to fulfill our promise and make this team both a winner on the field and a cornerstone in the community."

Glazer paid $192-million, a record price for a sports franchise. Closing costs and extension fees assessed boosted Glazer's final cost in the transaction to nearly $200-million. All for a franchise that hasn't won more than six games in a season in 13 years.

Glazer's offer, one of five considered earlier this year by a group of trustees, calls for the team to remain in Tampa for at least the next two seasons. If the team moves before 2005, a $35-million fee would have to be paid.

On June 1, the Tampa Sports Authority agreed to build a $168.1-million stadium but is still debating how to finance construction.

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