Premier League Clubs Ban Fully-Leveraged Glazer Style Buyouts Compressed

Premier League Clubs Ban Fully-Leveraged Glazer Style Buyouts

In a move that has been welcomed by fans of many Premier League clubs, the league’s clubs have voted to ban fully-leveraged buyouts.

This means that any potential buyer of a Premier League club will now need to have the financial resources to pay for the club outright, rather than being able to borrow money to finance the purchase.

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The decision to ban fully-leveraged buyouts was made at the Premier League’s AGM on Wednesday. It is believed that the decision was motivated by a desire to protect clubs from the kind of debt burden that was incurred by Manchester United when the Glazer family took over the club in 2005.

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The Glazer family financed their takeover of Manchester United by borrowing £790 million. This debt has weighed heavily on the club in the years since the takeover, and has led to protests from fans.

The Premier League’s decision to ban fully-leveraged buyouts is a significant step towards protecting clubs from the kind of financial risk that was seen at Manchester United. It is also a victory for fans of many clubs, who have long campaigned for the league to take action to prevent debt-fuelled takeovers.

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The ban on fully-leveraged buyouts will not prevent all takeovers from happening. However, it will make it more difficult for wealthy individuals or groups to take over clubs without having to put up their own money. This is likely to lead to a more sustainable model for football clubs, and will benefit fans in the long run.

The Premier League’s decision to ban fully-leveraged buyouts is a positive step for the game. It is a move that will protect clubs from financial risk, and it is a victory for fans who have long campaigned for change.


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