[1]
“ The Glazer family’s acquisition of Manchester United remains controversial to this day.
Their £790m takeover in the summer of 2005 came by way of a leveraged buyout: when a significant amount of borrowed money is used to fund the acquisition of a company, with the debt secured against that company itself.”
Their £790m takeover in the summer of 2005 came by way of a leveraged buyout: when a significant amount of borrowed money is used to fund the acquisition of a company, with the debt secured against that company itself.”
1 - https://www.independent.co.uk/sport/football/manchester-unit...