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Rangers Football Club has confirmed the completion of a takeover by a consortium of American investors, led by Andrew Cavenagh and 49ers Enterprises. The deal sees the consortium purchase a 51% stake in the club, with Cavenagh set to become the new chairman and Paraag Marathe joining the board as vice-chairman.
What happened?
The takeover was completed after approval from the Scottish FA, with the consortium committing to invest £20M into the club.
The new leadership will prioritize on-pitch performance and long-term financial sustainability.
Why it matters for Rangers
The investment is expected to boost the club's football operations, with a new manager to be appointed ahead of next season.
Rangers are currently 2nd in the Premiership, with 69 points from 33 games, and 1 point behind leaders Heart Of Midlothian.
What comes next?
The club will hold a General Meeting on June 23, 2025, to approve the £20M investment.
| Category | Value |
|---|---|
| League standing | 2nd in Premiership |
| Goals this season | 66 scored, 31 conceded |
| Recent form | 2W-0D-3L |
The new era for Rangers begins with a lot to do to catch up with league winners Celtic. Rangers' last result was a 5-2 win over Falkirk on May 16, 2026. The club is on a 2-game winning run, with a recent form of WWLLL.
