A significant takeover of the Rangers Football Club by the San Francisco 49ers' investment branch is projected to be finalized between April and June. Sources indicate a 'broad agreement' amongst stakeholders to sell their shares. The 49ers are expected to acquire over 50% of Rangers stock while also addressing the club's debts, notably owed to former chairman John Bennett. Key figures include Paraag Marathe and an unnamed influential investor, with the majority of the board acknowledging the urgent need for fresh investment and leadership within the club.
"There is broad agreement between all parties, with current shareholders expected to sell all, or part, of their stake in the club in the coming months."
"Conversations about selling Rangers have been happening in private since the second half of 2023, as they were running out of road in terms of energy and finance."
Collection
[
|
...
]