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The Independent UK
The Independent UK
Sport
Ronnie Esplin

INSANE: Us consortium completes rangers takeover with promise to take club back to the top | Rare Historical Photos

Rangers United States 49ers Enterprises Andrew Cavenagh
  • A US consortium, led by Andrew Cavenagh and 49ers Enterprises, has completed its Takeover of rangers, pledging to restore the club to its peak.
  • The new leadership now owns 51% of rangers after purchasing shares and has committed to investing £20m, primarily in players.
  • Healthcare executive Andrew Cavenagh will become chairman, and Paraag Marathe, chairman of Leeds and president of 49ers Enterprises, will be vice-chairman.
  • The Scottish Football Association approved the deal after rangers addressed dual ownership concerns, as 49ers Enterprises holds a majority stake in Leeds.
  • rangers are set to intensify their search for a new manager, with Davide Ancelotti, the outgoing Real Madrid assistant manager, being a leading candidate.

IN FULL

US consortium complete Rangers takeover and promise £20m investment

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