Episode #2: The power - and controversy - of leveraged buyouts. cover art

Episode #2: The power - and controversy - of leveraged buyouts.

Episode #2: The power - and controversy - of leveraged buyouts.

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 In 2006, a London private equity firm walked into Bernie Ecclestone's office and said, "We'll buy Formula 1 for $2 billion." The twist? They only had $500 million in cash. The rest - $1.5 billion - they borrowed. Eleven years later: 8x returns. This is the Formula 1 story - how borrowed money amplifies returns in private equity, and why sports media became the perfect asset for leveraged buyouts.
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