Rangers Then, Sevco Now, Scotland's Shame Forever....

[kkong]

But did the Glazers not attach debt to Man U to fund their takeover there?

I never understood how what they did was legal.

My understanding is the Glazers loaded their debt onto the club after they had control of it.

i.e. they refinanced the loans they used to buy their shares and secured them against the club's assets.

The key point (I believe) is that the loans used to buy the shares in the club were not (at the time of purchase) secured against the assets of the club.