Glazer: 'Strong Single Owner'

October 02, 1991|By Ken Murray

Malcolm I. Glazer formally threw his hat into the NFL's expansion ring yesterday when he filed an ownership application for a team in Baltimore.

Glazer, founder of First Allied Corp., issued a statement that said his application gives the NFL what it is looking for -- "a financially strong single owner, a brand new football stadium, and most importantly a great city."

He cited a line in the league's application form that said the NFL "has traditionally looked with favor on consolidation of ownership interests in a club in as few hands as possible, to minimize intra-club dispute potential."

Glazer, 63, of Palm Beach, Fla., owns a diverse empire of nationwide investments with interests in television, health care, banking, real estate, stocks, government securities and corporate bonds.

In recent years, he has been one of the largest individual shareholders of Formica Corp., Harley-Davidson motorcycles, Tonka toys and Arctco, producer of Arctic Cat snowmobiles.

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