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Many sports teams come to mind. Pretty much any F1 team that exists is now worth a lot more on paper than it was purchased for. A few EPL teams come to mind too
by deanc 1y ago
Many sports teams come to mind. Pretty much any F1 team that exists is now worth a lot more on paper than it was purchased for. A few EPL teams come to mind too.
- tanjtanjtanj 1y agoThose are just buyouts not leveraged buyouts. No EPL team was purchased with an LBO as far as I know.
- nereye 1y ago[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.” 1 - https://www.independent.co.uk/sport/football/manchester-united-glazers-debt-explained-b2145746.html https://www.independent.co.uk/sport/football/manchester-unit...