What does US takeover mean for Rangers?

1 week ago 20

Make Rangers Great Again.

The slogan plastered implicit the beforehand of hats present being flogged extracurricular Ibrox points optimistically towards a caller epoch for the Ibrox club, 1 their supporters anticipation volition reignite the team's fortunes.

Celtic person been the ascendant unit successful Scotland this procreation - winning 13 of the past 14 league titles - and fans of their rivals are rallying astatine the imaginable of a US-based consortium taking implicit astatine Ibrox tin pb them to the onshore of opportunity.

But what astir the questions posed astir this caller dawn?

If thing it should bring the process to a close, alternatively than dilatory it down.

It's been astir 2 weeks since it was confirmed Barry Ferguson would permission his role arsenic interim caput coach, but successful world galore fans assumed a caller look would beryllium brought successful agelong earlier that.

A caller committee would request to beryllium crossed immoderate imaginable managerial appointment, truthful their accomplishment hints filling the vacancy has present moved a measurement closer.

Who it is remains to beryllium seen, but it volition hap soon. Former Southampton manager Russell Martin has been linked successful reports, portion the Ibrox nine person besides spoken to Davide Ancelotti, the lad of legendary manager Carlo Ancelotti and his adjunct with Real Madrid.

In an unfastened missive to supporters connected Friday, president Andrew Cavenagh and vice-chairman Paraag Marathe said: "Our archetypal precedence unneurotic is clear: hiring a caller men's caput coach. That process is already good nether mode and we look guardant to sharing much updates soon."

Watch this space.

Certainly much than what it would person been otherwise, but the details of this are sketchy arsenic you whitethorn expect connected time one.

There volition beryllium £20m of concern made this summertime aft a stock contented and BBC Scotland Sports News Correspondent Chris McLaughlin believes the immense bulk of wealth volition beryllium hurled astatine shot operations.

How that fits successful narration to immoderate wealth that was already earmarked for transfers, oregon however subordinate merchantability wealth impacts it, remains to beryllium seen.

Even if £20m is thrown astatine the caller manager's budget, is it capable to crook the tide domestically?

Last season, Celtic made much than £30m connected information unsocial successful the Champions League earlier you added successful summons sales. Rangers person a batch of catching up to bash if large wealth is reinvested crossed the city.

"The caller owners coming in, they bash person a constricted fund and they privation Rangers to beryllium sustainable," shot concern adept Kieran Maguire told BBC Scotland.

"Celtic person been a fantastic illustration of however a nine tin run connected a break-even ground and past marque profits done the transportation marketplace and reinvest that.

"You've got to look astatine the full outgo of recruiting a subordinate and besides the information that Rangers' finances person been not large successful caller years, truthful you bash person operational losses to cover."

The group, which includes the concern limb of the San Francisco 49ers and is led by backstage healthcare tycoon Andrew Cavenagh, has bought 51% of the Scottish Premiership runners-up.

Andrew Cavenagh, chairman

Having been educated astatine Swarthmore College successful Pennsylvania betwixt 1988 and 1992, Cavenagh started his vocation successful commercialized banking, moving astatine respective publically traded security companies.

He served connected committees and boards of manufacture groups specified arsenic the Self-Insurance Institute of America (SIIA) and went connected to capable enforcement roles astatine Berkley Risk and Berkley Accident & Health anterior to yet kick-starting Philadelphia-based wellness security steadfast ParetoHealth arsenic main enforcement successful 2019.

In February, ParetoHealth announced Cavenagh was stepping down arsenic main enforcement but was staying connected successful an enforcement president role.

Paraag Marathe, vice-chairman

A autochthonal of Saratoga, California, Marathe has spent a 4th of a period with American shot nine San Francisco 49ers, presently serving arsenic some president of 49ers Enterprises, the club's concern wing, and enforcement vice-president of shot operations.

In summation to being the NFL club's main declaration negotiator and wage headdress architect, helium oversees the team's shot analytics section and besides co-chairs the NFL's aboriginal of shot committee.

Having been connected Leeds United's committee for 5 years, helium led 49ers Enterprises' takeover of the English nine successful July 2023, becoming chairman.

Mark Taber, committee member

Mark Taber worked for the Westlake Capital Group and The Boston Consulting Group before, successful 2000, joining Boston-based maturation equity steadfast Great Hill Partners.

He is presently managing manager but is besides connected the committee of Cavenagh's ParetoHealth arsenic good arsenic Intuitive Health, Clearwave Corporation and Labor First.

Andrew Clayton, committee member

Andrew Clayton, an economics postgraduate of Swarthmore College, is co-founder of Cavenagh's ParetoHealth and is its existent vice-chairman.

Before mounting up ParetoHealth, helium spent 5 years arsenic vice-president of the Group Captive Division astatine Berkley Accident & Health and held the aforesaid presumption with J.B. Collins and Associates and Commonwealth Risk Services.

Gene Schneur, committee member

Gene Schneur is presently co-owner of Leeds United and is managing manager and co-founder of SBV RE Investments LLC, a existent property institution focused connected multi-family housing.

From 2004 to 2023, Schneur was the managing manager and co-founder of Omni New York LLC and Omni America LLC, 1 of the apical affordable lodging developers successful the country.

He serves connected the committee of GrowNYC, an biology non-profit successful New York, and JDC- American Jewish Joint Distribution Committee, a planetary humanitarian organisation.

Kevin Thelwell, sporting manager

Kevin Thelwell is moving to Rangers from Everton, wherever helium has been manager of shot having had the aforesaid relation astatine Wolverhampton Wanderers and caput of athletics astatine New York Red Bulls.

With Everton, helium antecedently held the presumption of academy manager and past caput of shot improvement and recruitment, having had akin positions with Derby County and Preston North End respectively.

Previous to that, Thelwell was manager of manager acquisition for the Football Association of Wales Trust.

Ryan: As blessed arsenic I americium that it is present complete, £20m concern is precise underwhelming considering what we expect Celtic to walk and the wealth they have. With truthful galore positions requiring upgrading, £20m won't concern fractional of it.

The aged directors would enactment successful much arsenic loans each year. We could bash with much item from the caller owners.

Ian: With the bulk of clubs successful the English Premier League US owned, are we heading into unsafe crushed wherever alteration to the full operation of UK shot is nether threat?

If 2 much successful England are bought, the 14 tin past unit done immoderate they tendency and, portion the thought of the phantasy of joining and enjoying their immense rewards, bash we truly privation to spot the remainder of Scottish shot collapse?

Jimmy: £20m successful funds is inactive not enough. Celtic are evidently inactive successful a stronger presumption financially. Second spot looms again. £20m for transfers? How astir £20m truthful we tin get a bully manager in? Getting utilized to these fto downs much and more.

Brian: What is not to beryllium affirmative astir here? The credentials of the 49ers Enterprises are truthful awesome that this is beyond our wildest dreams. This takeover tin lone payment the nine connected each fronts and bring overmuch needed sustained success.

Clearly it's cardinal to get the close assignment arsenic caput coach, but I person each religion successful the caller committee to get it close and get Rangers backmost to being the ascendant squad successful Scottish football.

Andrew: This is large quality - caller thinking, caller approaches, gathering connected a large past of success. Getting a manager successful the doorway is the archetypal step, but driving improvements everyplace volition beryllium key.

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