A U.S. consortium led by the owners of the San Francisco 49ers and Andrew Cavenagh has completed its takeover of the Scottish football club Rangers, acquiring a 51% controlling stake. The new leadership emphasizes a vision focused on both on-pitch performance and long-term financial sustainability. They have already invested £20 million ($27 million) into the club. Cavenagh, appointed chairman, aims to elevate the team's competitive standing, especially given the club's recent struggles compared to rivals Celtic, who have significantly outperformed Rangers in recent league seasons.
This club's history and traditions speak for themselves, but history doesn't win matches. Our focus is simple: elevate performance, deliver results, and bring Rangers back to where it belongs -- at the top.
The group of investors have acquired a 51% controlling stake of the club and Rangers said the new vision for the future priorities "on-pitch performance" and "long-term financial sustainability."
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