A US-based consortium, led by private healthcare entrepreneur Andrew Cavenagh, has taken over Rangers FC with a 51% stake and financial backing of £20 million. The takeover received approval from the Scottish Football Association, allowing 49ers Enterprises to maintain control of Leeds United amidst concerns of dual interests. Cavenagh aims to implement a strategic vision focusing on improving performance and financial sustainability. Alongside Cavenagh, Paraag Marathe will serve as vice-chair, with key changes in the club's board. The new leadership emphasizes the importance of honoring the club's rich heritage through tangible success on the pitch.
Cavenagh stated that history does not win matches and emphasized a focus on elevating performance and delivering results to restore Rangers to their rightful place.
The consortium is committed to prioritizing on-pitch performance and long-term financial sustainability to secure a successful future for Rangers.
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