- Get link
- X
- Other Apps
Rangers takeover finally complete as American investors secure 51 per cent stake in club... and promise £20m cash injection
- Get link
- X
- Other Apps
Rangers takeover finally complete as American investors secure 51 per cent stake in club... and promise £20m cash injection to improve playing squad Rangers Football Club has undergone a significant transformation with a US based consortium led by Andrew Cavenagh and 49ers Enterprises acquiring a 51 percent stake in the club. The takeover, finalized on May 30, 2025, was confirmed by Rangers following approval from the Scottish Football Association. This marks the end of prolonged negotiations and speculation surrounding the clubs ownership. The American investors have committed to injecting £20 million into Rangers, with the primary focus on strengthening the playing squad under manager Philippe Clement. This financial boost is seen as a critical step for the club, which reported a £17.2 million loss in 2024, highlighting the need for improved financial stability and competitiveness. Key shareholders, including former chairman Dave King, sold their stakes to enable the consortium to gain majority control, a move seen as pivotal for the clubs future. The consortiums vision extends beyond immediate squad improvements. They aim to address Rangers financial challenges while ensuring compliance with UEFAs financial fair play regulations, which will govern how the £20 million is utilized. The investment is expected to provide Clement with resources to enhance the team, potentially targeting key signings in upcoming transfer windows to challenge for domestic and European success. For Rangers supporters, this takeover signals hope after years of financial struggles and on pitch inconsistency. The involvement of 49ers Enterprises, known for their successful management of the San Francisco 49ers, adds credibility to the project. Fans are optimistic that this new chapter will restore Rangers to their former glory, with the promised funds offering a foundation for squad development and long term sustainability. The clubs immediate focus will be leveraging this investment to compete with rivals Celtic and strengthen their position in Scottish football.
See also: Ukrainian President Volodymyr Zelenskiy Accuses Russia of 'Deception' Over Peace Memorandum
- Get link
- X
- Other Apps
Comments
Post a Comment