The Glazers are parasites, it's frankly odd that you have so much invested in defending them, are you some kind of neckbeard libertarian?
The debt already has damaged us, the PIK loans are a shady area of high risk finance due to the extortionate interest applied by the creditors.
You keep on bleating about "but the wuvvwy glazers used some of their OWN money to pay off the PIK loans" like we should be incredibly thankful for that, that they used some of their own cash at an opportune moment to keep the wolf from the door and protect their assets short term future.
Like all parasitic financial operations including hedge funds and private equity, of course they don't want the host organism to fail. If the host dies their ability to make money from the asset dies too. They invested in the team when it was too late, and they have made stupid decisions as per the running of a football club. The "earning ability" of the club, is fundamentally based upon its success on the field. They have been successful so far in increasing commercial revenues, but long term that won't continue if the team isn't winning. They have no interest in the club other than as a commercial entity, doubt they even like football.
You can bleat on about "leveraged buy outs happen all the time" blah blah but the fact is leveraged buy outs tend to be amongst the shady areas of financial practise that are frequently criticised for their anti social effects. Fans have got every right to complain about who the owners are and how they run the club. The fans are the lifeblood of the club, they provide the revenues, fans. If they don't like what's being delivered, or the fact their club was bough with high risk loans, or that the owners don't seem to know how to run a successful football team, then they have every right to complain. And no amount of neckbearding, libertarian, condescending sh*te is going to stop them. So your claptrap is in vain I'm afraid.