Many common folk also have 'leveraged buyouts' - typically called a mortgage (more akin to a buy to let one). Debt itself is not a bad deal thing.The problem is their leveraged buyout in 2005, how it was allowed? why the debts were put against the club's assets?
the way they engineered their purchase of the club is terrible for the club, the club lost almost 1bn just to pay debts & interest!!!