Glazer, who had taken control of the Buccaneers in 1995, saw the team win the Super Bowl in 2002.
Three years later, he bought Manchester United, who picked up Premier League titles in 2007, 2008, 2009, 2011 and 2013, as well as the 2008 Champions League title.
Born in Rochester, New York in 1928, Glazer, one of seven children, took over the family’s watch-parts business aged 15, following the death of his father.
He invested in other businesses, and was an owner or substantial shareholder in a wide number of international holdings and public companies including First Allied, Harley Davidson and Formica.
He launched the Glazer Family Foundation in 1999, an organisation dedicated to helping charitable causes in the Tampa Bay area, and opened the Glazer Children’s Museum in 2010.
Glazer leaves behind his wife Linda, six children including Joel and Avram - joint chairmen of the Manchester United board - and Bryan, executive vice-president of the Tampa Bay Buccaneers and non-executive director at Old Trafford.
The six children and Linda will continue to own and operate the Buccaneers as a result of Glazer’s long-established estate succession plan.
A private family funeral will be held for Glazer, with details of a more public celebration to be announced in due course.