Rangers are getting ready for a brand new “strategic imaginative and prescient” after a US-based consortium accomplished their takeover of the Scottish Premiership giants.
The San Francisco 49ers’ funding arm can be concerned within the deal that takes 51% possession of Rangers, which might be headed by Andrew Cavenagh.
Leeds United’s Paraag Marathe might be appointed as vice-chair to take a seat alongside Cavenagh, who is anticipated to be confirmed because the membership’s new chairman at an annual assembly on the finish of June.
“The consortium will chart a brand new strategic imaginative and prescient for the membership’s future, prioritising on-pitch efficiency and long-term monetary sustainability,” Rangers mentioned in a press release.
The Scottish Soccer Affiliation granted approval after discussions round twin curiosity, with the 49ers holding full management at newly-promoted Premier League aspect Leeds.
“We’re deeply grateful for the belief positioned in us by the Rangers board, shareholders, workers, and supporters,” Cavenagh mentioned.
“This membership’s historical past and traditions communicate for themselves, however historical past doesn’t win matches. We all know that the true technique to honour the membership’s heritage might be to drive efficiency.
“Our focus is straightforward: elevate efficiency, ship outcomes and produce Rangers again to the place it belongs; on the prime.”
Rangers Soccer Membership is happy to announce {that a} consortium of traders, led by Andrew Cavenagh and 49ers Enterprises, has bought a majority stake within the membership, with approval from the Scottish FA.
The consortium will chart a brand new strategic imaginative and prescient for the membership’s future… pic.twitter.com/x9m40Q2KnT
— Rangers Soccer Membership (@RangersFC) Might 30, 2025
Kevin Thelwell will begin in his position as sporting director on Monday, having traded Everton for his transfer to Ibrox.
His first activity might be to assist the appointment of Rangers’ new supervisor following the departure of stand-in Barry Ferguson.
Departing Actual Madrid assistant Davide Ancelotti, son of Italian nice Carlo, and former Southampton head coach Russell Martin are reportedly the main candidates.
“At 49ers Enterprises, now we have constructed a monitor file of sporting and enterprise success, however our driving motivation is our deep connection to the golf equipment and communities we serve,” Marathe added.
“We’re excited to hitch Andrew and our different consortium of traders in a brand new period for this iconic membership, and we’re decided to construct one thing that supporters might be pleased with for years to return.”