On the eve of the Manchester United (Man Utd) versus Liverpool match on 2nd of May 2021, protests against the Glazers' ownership of Man Utd held at the team's hotel and Old Trafford. The protests resulted in the postponement of the game. The Glazers bought Man Utd in 2005 for £790m via a leveraged buyout (LBO) financed by £600m bank loans. An LBO is when a company is purchased with a mix of debt and equity, with the former being more significant. LBOs minimise risk and provide capital for the investors; consequently, capital providers require high-interest rates.
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The Glazers' ownership of Manchester United…
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On the eve of the Manchester United (Man Utd) versus Liverpool match on 2nd of May 2021, protests against the Glazers' ownership of Man Utd held at the team's hotel and Old Trafford. The protests resulted in the postponement of the game. The Glazers bought Man Utd in 2005 for £790m via a leveraged buyout (LBO) financed by £600m bank loans. An LBO is when a company is purchased with a mix of debt and equity, with the former being more significant. LBOs minimise risk and provide capital for the investors; consequently, capital providers require high-interest rates.