49ers Buy Rangers FC: Full Takeover Confirmed
- A consortium including the investment arm of the San Francisco 49ers has finalized its acquisition of Rangers FC, a Scottish football club.
- Paraag Marathe, current chairman of Leeds United, will take on the role of vice-chairman.
- The new ownership is expected to bring fresh investment and strategic direction to the historic Glasgow side.
A 49ers-backed consortium has completed the Rangers FC takeover, marking a significant shift for the Scottish Premiership club. Healthcare executive Andrew Cavenagh will lead as chairman, with Paraag Marathe as vice-chairman, ushering in a new era. This strategic acquisition includes a substantial £20 million investment planned for the coming summer, promising to elevate the club’s financial standing and competitive edge. This move signals the 49ers’ commitment to Rangers, aiming to bolster the team’s performance. The deal, advised by Latham & watkins, reflects the ambition to contend for titles and excel in European competitions. Read the full story at News Directory 3 for extensive insights into the future of this iconic club.Discover what’s next for Rangers FC.
49ers Consortium Completes Takeover of Rangers FC
Updated May 30, 2025
A consortium including the investment arm of the San Francisco 49ers has finalized its acquisition of Rangers FC, a Scottish football club. The Rangers FC takeover sees private healthcare executive Andrew Cavenagh stepping in as chairman of the Scottish Premiership team.
Paraag Marathe, current chairman of Leeds United, will take on the role of vice-chairman. Latham & Watkins advised on the acquisition, with Doug Abernethy, Ed Barnett, and Patrick mitchell playing key roles.
The group now controls 51% of the Ibrox club. The new ownership is expected to bring fresh investment and strategic direction to the historic Glasgow side.
The 49ers consortium’s Rangers FC takeover is expected to bolster the club’s financial position and competitive edge.
The consortium has pledged a £20 million investment into Rangers this summer. Industry observers suggest the 49ers Enterprises group was drawn to Rangers because of its storied past and dedicated fan base.
Redevelopment of Ibrox Stadium is also a possibility under the new ownership.
“We are proud to be entering a new chapter for this exceptional club,” the club said. “This moment is the result of months of thoughtful discussions with club leadership and our shared confidence in Rangers’ success going forward… Simply put – our goal is to win trophies in Scotland and be able to compete at a high level in Europe, while laying a foundation of financial sustainability for the future.”
“Above all, we know that true success comes from understanding and honouring what makes this club special,” the club added, “In our time getting to know Ibrox, Glasgow, and you, we’ve felt the pride, history, and passion that set Rangers apart… You have made it clear what this club means to you, and we take the duty of leading this club seriously.”
What’s next
With the Rangers deal done, the club aims to challenge for titles in Scotland and improve its standing in European competitions. The investment from the 49ers consortium is