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The Independent UK

Sport

Mark Critchley

RARE PHOTOS: Manchester united and the glazers debt explained | Rare Historical Photos

Glazers Joel Glazer Malcolm Glazer Manchester Alex Ferguson EPL

Getty Images / The Independent

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.

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