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A statement on the Manchester United website said:
A statement regarding the death of Malcom Glazer has described the glory years under his tenure when the club won Premier League titles and the Champions League.
A statement released by the Tampa Bay Buccaneers said: "In 2005, Glazer purchased Manchester United. Since then, the club captured five Premier League titles (2007, 2008, 2009, 2011 and 2013), as well as the 2008 Champions League title."
But ownership of the club by the Glazer family was marked by controversy and significant opposition by fans.
Born in Rochester, New York as one of seven children, Mr Glazer took over the family watch-parts business at age 15 following the death of his father and then continued his foray into the professional world, investing in other businesses, the statement said.
A resident of Palm Beach, Florida, Glazer leaves behind his wife, Linda, six children and 14 grandchildren.
Manchester United owner Malcolm Glazer, who is also owner of the Tampa Bay Buccaneers since 1995, has passed away on aged 85, according to a statement.
Officials from the Tampa Bay Buccaneers said they were "saddened" to announce the passing of Mr Glazer earlier this morning. He was described as a "pioneering thinker" and a "dynamic business leader" in the statement.
Manchester United owner Malcolm Glazer has died, according to an announcement made by the Tampa Bay Buccaneers.
Latest ITV News reports
The Manchester United and Tampa Bay Buccaneers owner Malcolm Glazer, who has died aged 85, has been described as a a "pioneering thinker".