Rangers FC has announced that a consortium led by U.S.-based investors, including 49ers Enterprises, has acquired a 51% ownership stake in the club. Led by health insurance entrepreneur Andrew Cavenagh, the group has pledged an immediate investment of £20 million, pending shareholder approval. The acquisition follows a tough season for Rangers, who finished second to Celtic in the Scottish Premiership. Cavenagh expressed a focus on performance improvement and results, aiming to restore the club's prominence in Scottish football.
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 consortium, which includes an investment arm of the San Francisco 49ers, has committed to invest 20 million pounds immediately, subject to shareholder approval in June.
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