Leveraged buyout is a dirty concept to me after what the Glazer family did to Manchester United[1],[2]. They basically turned the club from the number one team

Leveraged buyout is a dirty concept to me after what the Glazer family did to Manchester United[1],[2]. They basically turned the club from the number one team in England to something to milk dry and allowing rivals to overtake. They were extremely lucky in the early years post-LBO because Alex Ferguson was in charge, one of the greatest all-time managers, who could somehow extract title-winning performances from a threadbare squad even going up against rivals who were suddenly pumped full of oil money. They installed a investment banker goon as the CEO, who doesn't understand football, who helped broker the LBO in the first place and is gradually running the club into the ground. [1] https://www.investopedia.com/ask/answers/052715/why-manchester-united-manu-carrying-so-much-debt.asp https://www.investopedia.com/ask/answers/052715/why-manchest... [2] https://www.reuters.com/article/us-manchesterunited-ipo/analysis-glazers-may-make-a-killing-on-man-utd-investment-idUSBRE87108120120802 https://www.reuters.com/article/us-manchesterunited-ipo/anal...