Rangers FC has gained approval from shareholders for new American owners to invest £20 million into the club, with 98% backing during the extraordinary general meeting. This significant funding from Andrew Cavenagh's consortium aims to enhance the team's performance. In conjunction, the club is being re-registered as a private entity. Cavenagh has taken on the role of chairman, with Paraag Marathe as vice-chairman and Kevin Thelwell as sporting director. The recent leadership changes also included the appointment of Russell Martin as head coach, intensifying readiness for upcoming competitions.
Andrew Cavenagh and his consortium have received 98% shareholder approval to invest £20 million in Rangers, with a focus on improving club performance.
Cavenagh emphasizes that honoring Rangers' rich history involves driving performance on the pitch, stating, 'we know that history doesn't win matches.'
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