The university began selling off its property portfolio on a leaseback basis in 2014, starting with the four buildings of its Bloomsbury campus. According to analysis of the university's accounts earlier that year by the "Times Higher Education Supplement", the purchase by Montagu Private Equity in 2012 had loaded the university with £177m of debt. Critics had compared the purchase by Montagu Private Equity to the leveraged buyouts of Premier League clubs in English football. At the time, The University of Law's ultimate parent company was L-J Holdco Ltd., which was incorporated in Guernsey and majority owned by Montagu-managed funds.