Rangers takeover officially confirmed if new owners immediately plans £ 20 million cash spree spree

The acquisition of the Rangers is officially signed and sealed – with Consortium Marts Andrew Cavenagh, the club promises to bring to the top.

The Buy -Out Deal – Supported by San Francisco 49ers Enterprises – is now confirmed after months of conversations.

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It has been promised for an initial investment of £ 20 million summer Recommendations after a proposed partial problem that will be explained to an EGM on 23 June.

Frontman Cavenagh takes the check as chairman at Paraag Marathe named Vice chairman -after they finally acquired 51 percent of the club on Wednesday evening and SFA goods inspection insured.

Cavenagh said: “We are deeply grateful for the trust placed in us by the Rangers Board, shareholders, staff and supporters.

‘This club history and traditions speak for themselves, but not history win agreements.

“We know that the true way to honor the club’s heritage will be to stimulate performance.

“Our focus is simple: increase performance, deliver results and bring Rangers back to where it belongs – at the top.”

Marathe’s involvement had to be ratified by the SFA, given his position as chairman of Leeds United.

And Hampden Chiefs have confirmed that there are no double ownership problems.

Marathe added: “We built a song at 49ers Enterprises file of sporty and company success.

“But our row Motivation is our deep connection with the clubs and communities that we serve.

“We are pleased to add to Andrew and our other consortium of investors in a new era for this iconic club, and we are determined to build something that supporters can be proud of for years to come.”

Dave King and John Bennett now have no shares in Rangers after they have agreed to sell.

And the club has now formed a new lookboard.

That includes new names Mark Taber, Andrew Clayton and Gene Schneur.

Patrick Stewart, Fraser Thornton, John Halsted and George Taylor everyone to stay – But Graeme ParkJulian Wolhardt and Alastair Johnston resign.

The roles are all ratified on an EGM on June 23.

This will include a resolution that must be assumed for a share problem and also a motion to move Rangers from a non -listed PLC for a private company.

Thornton said: “This new ownership phase is an important step forward for Rangers FC.

“The incoming shareholders not only bring financing, but also deep expertise in strategic planningInfrastructure development and sporting excellence.

“On behalf of Rangers, I also want to record our appreciation to the departing board members who have served the club selflessly.

“I also want to acknowledge our most important shareholders whose support the club has brought so far, of whom the vast majority has chosen to invest again in the club and continue with us on the next Internship of the trip. “

Patrick Stewart said: “From my earliest conversations with Paraag and Andrew, I am enthusiastic and confident in the shared vision and what it could mean for the future van Rangers.

“Our focus is now on the hard work Ahead, thoroughly preparing for the new season, naming the right men’s head coach and ensuring that we have the structures to support success on the field. “

The news will be celebrated by Rangers supporters who have desperately outdoor change.

A statement from the club said: “Rangers Football Club is pleased to announce that a consortium of investors, led by Andrew Cavenagh and 49ers of Enterprises, bought a majority stake in the club, with approval of the Scottish FA.

“The consortium will map a new strategic vision for the club future give priority to performance on the pitch and long -term financially sustainability.

“The new leadership has currently promised to invest £ 20 million in the club, which will be subject to the general meeting on 23 June 2025.

“Cavenagh, a manager and director of health care, will serve as chairman of the board.

“He will work closely with Paraag Marathe, who becomes a member of the board as vice chairman and is the president From 49ers Enterprises, a sports investment entity also led by San Francisco 49ers CEO Jed York.

“Cavenagh and Marathe have spent decades leading very successful companies and sports brands of world class and will supervise all aspects of the club in this next chapter as part of the board.”

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