Dave King nears sale of Rangers stake to San Francisco 49ers

Former Rangers chairman Dave King is poised to sell his 12.96% stake in the club, paving the way for a significant takeover by the San Francisco 49ers Enterprises, led by Paraag Marathe. This move comes as part of ongoing discussions that have been taking place since last October, with the aim of revitalizing the club's fortunes and addressing 'investor fatigue' among current shareholders. King has expressed his desire to leave a 'lasting legacy' and has been instrumental in introducing new potential investors to the table. The prospective takeover is expected to see the 49ers acquire over 50% of shares and take on the club's debt, signaling a major shift in the club's management and strategy. While the deal is still not finalized, it could be completed by the end of the current season, marking the beginning of a new era for Rangers. In the meantime, the club's current management remains under scrutiny as these changes unfold.