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Rangers have been officialy taken over by a US consortium together with the funding arm of the San Francisco 49ers.
Talks have been ongoing for months about the way forward for the Glasgow membership however the group led by Andrew Cavanagh has now bought 51% of the membership’s shares.
£20m of recent funding will probably be made in the summertime and a brand new supervisor is anticipated to be named quickly.
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) May 30, 2025
The 49ers Enterprises group additionally owns Leeds United.
“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 stated in an announcement.
Former Actual Madrid assistant Davide Ancelotti – son of Carlo – and former Southampton boss Russell Martin are reportedly among the many main candidates for the supervisor’s job.
Rangers sacked Phillippe Clement in February with former midfielder Barry Ferguson put in interim cost.
Rangers completed 17 factors behind rivals Celtic within the league and didn’t win a trophy this season.
An open letter from the consortium stated: “Our first precedence collectively is obvious: hiring a brand new males’s head coach. That course of is already effectively below means, and we sit up for sharing extra updates quickly. We may also look to spend money on expertise for our groups.
“Merely put – our aim is to win trophies in Scotland and have the ability to compete at a excessive stage in Europe, whereas laying a basis of monetary sustainability for the long run.”