ɡlˈeɪzɚ jˈuːzd pˌiːˌaɪkˈeɪ lˈoʊnz, wˌɪtʃ wɜː sˈoʊld tə hˈɛdʒ fˈʌndz, tə fˈʌnd ðə tˈeɪkoʊvɚ, mˈʌtʃ tə ðə dɪsplˈɛʒɚɹ ʌv mˈɛnɪəv ðə klˈʌbz səpˈoːɹɾɚz, bɪkˈʌz ðə bˈɜːdən ʌvðə dˈɛt wʌz plˈeɪst ɔnðə klˈʌb ɪtsˈɛlf, nˌɑːt ðə ɡlˈeɪzɚz.
Glazer used PIK loans, which were sold to hedge funds, to fund the takeover, much to the displeasure of many of the club's supporters, because the burden of the debt was placed on the club itself, not the Glazers.