San Francisco 49ers Complete Rangers Takeover in £90 Million Deal
In a landmark move for Scottish football, the San Francisco 49ers’ investment arm, 49ers Enterprises, has finalized a £90 million acquisition of a 51% majority stake in Rangers Football Club . The deal, led by 49ers executive Paraag Marathe and healthcare entrepreneur Andrew Cavenagh, signals a new era at Ibrox, with ambitions to restore the club’s domestic dominance and European competitiveness.
As part of the takeover, an immediate £20 million has been earmarked for strengthening the playing squad ahead of the summer transfer window . Paraag Marathe will assume the role of vice chairman on the Rangers board, while Andrew Cavenagh takes over as chairman .
The acquisition follows 49ers Enterprises’ successful full takeover of Leeds United in 2023, demonstrating their growing commitment to European football . Marathe emphasized a long-term, sustainable approach, focusing on data-driven recruitment and infrastructure development rather than short-term spending sprees .
The new ownership has already begun restructuring the club’s leadership, with several board members stepping down to make way for five new American directors aligned with the 49ers group . Kevin Thelwell has been appointed as sporting director to oversee football operations, and the search for a new manager is underway, with Davide Ancelotti and Russell Martin among the candidates .
Fans gathered at Ibrox to celebrate the takeover, drawing parallels to the transformative era under Graeme Souness in 1986 . While some supporters expressed concerns about the adequacy of the £20 million investment, others welcomed the fresh leadership and vision . WWE superstar and lifelong Rangers fan Drew McIntyre issued a passionate message to the new owners, urging them to honor the club’s legacy and warning against mismanagement .
The 49ers’ acquisition of Rangers represents a significant expansion of their global sports portfolio, with the club poised to benefit from the NFL franchise’s commercial expertise and commitment to excellence . As the new era begins, Rangers fans will be watching closely to see how the American ownership delivers on its promises to restore the club’s glory .