49ers, Cavenagh seal Glasgow Rangers takeover

A U.S. consortium, led by the owners of the San Francisco 49ers and healthcare tycoon Andrew Cavenegh, has completes its takeover of Scottish shot giants Rangers, the nine confirmed connected Friday.

The radical of investors person acquired a 51% controlling involvement of the nine and Rangers said the caller imaginativeness for the aboriginal priorities "on-pitch performance" and "long-term fiscal sustainability."

The nine added successful a connection that the caller enactment has already invested £20 cardinal ($27m).

49ers Enterprises, the NFL team's concern business, already owns Leeds United, who precocious secured promotion to the English Premier League aft winning this season's Championship title.

Cavenagh volition pb the consortium and has been appointed chairman, portion Paraag Marathe -- the 49ers Enterprises president -- volition instrumentality up the relation of vice chairman.

"This club's past and traditions talk for themselves, but past doesn't triumph matches," Cavenagh said. "Our absorption is simple: elevate performance, present results, and bring Rangers backmost to wherever it belongs -- astatine the top."

Rangers person won 55 league titles successful Scotland, but this twelvemonth their tally was matched by archrivals Celtic, who besides play their shot successful Glasgow. Rangers person failed to triumph a rubric since 2021, portion Celtic person won 13 of the past 14 league titles.