Buccaneers owners dispute financial woes

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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.

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Michael Vick is back, Brett Favre isn't and the NFC East remains the best division in the NFC, maybe in all of football.

As players start to gather for the start of another season, some things change and some stay the same in the world of the NFL.

Bet 2010 Super Bowl Odds

The NFC East has been the dominant division in the National Conference for a while, despite limited playoff success, save for the New York Giants surprise Super Bowl win two seasons ago.

Hell, there's a generation of kids in Texas who have never seen the Cowboys win a playoff game (last win was in 1996).

But collectively, the Giants, Eagles, Cowboys and Redskins (well, maybe not so much the Redskins) are as good as a division gets in an NFC conference that has struggled to stay competitive with the AFC side.

Sports bettors have both acknowledged the NFC East's dominance, as one glance at the NFL future odds menu will show.

Looking over the NFL betting odds at online sports book MySportsbook.com we see the top three teams listed to win the NFC Championship are all from the NFC East:

Dallas Cowboys - 7 - 1

Philadelphia Eagles - 13 - 2

New York Giants - 9 - 2

Slotting in behind these three are two teams from the NFC North: the Minnesota Vikings (15-2) and the Chicago Bears (10-1).

Again, despite the lack of recent playoff success, the Dallas Cowboys are popular with the sports betting community, as they hold 14% of all the money wagered on who will win the NFC Championship.

So far, the New York Giants are the bettors' favorite to represent their conference in the Super Bowl, as they have 24% of the overall NFC Championship betting volume.

And what about the Philadelphia Eagles? For the most part, the Eagles had a very productive offseason, the kind that could bring them back to the top.

They had a good draft adding the likes of WR Jeremy Maclin and RB LeSean McCoy.

Unfortunately, the team received a blow when long-time defensive coordinator Jim Johnson passed away on Tuesday.

But this team will make a real run at the division title this year. Going into the regular season, Philly is listed at +240 to win the division.

Last season the Eagles were 9-6-1 SU and 10-6 ATS.

Teams from the NFC East will play teams from the AFC West in the regular season and the Eagles haven't really been a good bet in the last 20 games against the likes of San Diego, Oakland, K.C. and Denver, only going 8-12 ATS.

Two seasons removed from that Super Bowl title, the New York Giants see themselves listed as the odds-on favorite in NFC East championship futures at +162.

Plaxico Burress is gone and with him all the bad publicity surrounding the gun in the sweatpants incident, but can they replace him in the offense?

Last season the Giants were a very reliable bet going 12-4 ATS.

In the Giants' last 20 games against fellow teams from the NFC East; they are 13-7 ATS.

Dallas is listed at +240 to win the division.

Dallas went 9-7 SU and 7-9 ATS last season and with the amount of talent the Cowboys have, a similar performance won't do.

The Cowboys have been atrocious against divisional rivals, going 6-14 ATS in their last 20.

The Washington Redskins are longshots to win the division at +550.

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