Rangers FC is embarking on a new era following a takeover by a US-based consortium led by Andrew Cavenagh, which now holds 51% of the club. The involvement of the San Francisco 49ers' investment arm underscores a cross-continental partnership intending to revamp the club's strategic vision. Emphasizing performance on the field and long-term financial health, Cavenagh, who will take over as chairman, acknowledges the club's rich history while stressing the importance of achieving results in the present and future. Additionally, Kevin Thelwell has been appointed sporting director to aid in leadership changes, such as the search for a new manager after Barry Ferguson's exit.
The consortium will chart a new strategic vision for the club's future, prioritising on-pitch performance and long-term financial sustainability.
Cavenagh said, 'This club's history and traditions speak for themselves, but history doesn't win matches. We know that the true way to honour the club's heritage will be to drive performance.'
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