Rangers Sold: US Consortium Completes Takeover, New Era Begins

Rangers Football Club has officially announced a significant shift in ownership. A US consortium, spearheaded by Andrew Cavenagh and 49ers Enterprises, has completed the acquisition of a 51% stake in the club. This marks a pivotal moment for Rangers, signaling a new era for the team. Andrew Cavenagh is set to assume the role of club chairman, while Parag Marathe, the chairman of Leeds United, will serve as vice-chairman. "This is a momentous day for Rangers," stated a club representative in an official statement. The takeover concludes months of negotiations and speculation, promising a period of improved success on the field. The Scottish FA has approved the transaction. This development is viewed as a positive step forward for Rangers, with fans expressing their anticipation for the future.