Rangers Secure £20m Investment, Install New Leadership

Rangers Football Club's new American ownership, led by chairman Andrew Cavenagh and vice-chairman Paraag Marathe of 49ers Enterprises, has secured shareholder approval for a £20 million investment to strengthen the club. The investment was ratified at an extraordinary general meeting in Glasgow with overwhelming shareholder support of over 98%, allowing the club to re-register as a private limited company and remove previous investment caps. This capital injection is intended primarily to enhance the playing squad as part of a strategic plan to deliver sustained success on the pitch and financial sustainability. New sporting director Kevin Thelwell and head coach Russell Martin have joined the club, with Martin preparing for his first competitive match in Champions League qualifying. The new owners emphasized a focus on thoughtful, disciplined investment and maintaining the club's heritage while aiming to compete at a high level in Scotland and Europe. Fans can expect squad rebuilding to commence imminently, driven by the fresh funding and the new management team.