In Manchester lies a club that is a symbol of British heritage and tradition. Manchester United isn’t just a football club, it’s a religion, a crown jewel in global sports. Its iconic status within British cultural life is on par with the royal family and the BBC.
But amid the roaring chants at Old Trafford, there’s a story of a hostile takeover that sent shockwaves throughout the football world. It’s a story of how an American family forcibly steered their way into the helm of this great British institution, igniting a storm of controversy and resistance.
The arrival of Malcolm Glazer in 2005 wasn't just a change in ownership. It was perceived as a hijack. No one wanted the Glazer family around - not even the company’s board of directors.
In this video, I explore the controversial leveraged buyout (LBO) employed by the Glazers in 2005, the acquisition's impact on Manchester United, the club's history, its passionate fans and the financialization of football.
- ABOUT PROBABLY SOMETHING -
Hey, I'm Kunal. I'm a Swedish founder in NYC and ex-investment banker (Lazard M&A). You can think of this as my personal business blog, but in video format.
I create videos about finance, business strategy, M&A and mental models to help me better understand our complex business world. Through my work, I've mostly covered tech, media, healthcare, sports and holdcos so those are naturally the topics I gravitate towards.
My goal is to constantly challenge myself to become a better business operator, investor and thinker by studying world class founders, financiers and investors. I hope this channel will help you do the same.
Just sharing what I'm learning along the way and documenting my journey - nothing on here should be considered financial advice.
Feel free to reach out: kun.chauh@gmail.com
-Kunal Chauhan
3 дек 2023
