49ers Consortium Nears Rangers Takeover After Securing Shares

An American consortium led by health tycoon Andrew Cavenagh and San Francisco 49ers executive Paraag Marathe has secured the 51 percent shareholding needed to finalize their takeover of Rangers Football Club, with only legal and regulatory approvals remaining. The deal, expected to conclude ahead of the new season, will not require shares from former director Sandy Easdale, despite earlier speculation. The consortium, which already owns Leeds United, is reportedly viewing the acquisition primarily as a business transaction, with future investment—including a possible £20 million transfer budget—being considered. Appointing a permanent manager is a priority for the new ownership, with several high-profile names linked to the role. Key figures such as Gretar Steinsson, technical director of the 49ers' football branch, are expected to drive significant changes and investment in both the club’s first team and academy. While some sources express concern about the consortium’s understanding of the club’s passionate fanbase, stakeholders anticipate major off-field transformation at Ibrox.