Rangers Nears £100 Million Takeover by 49ers Consortium

Rangers Football Club is nearing a takeover by a US consortium led by Paraag Marathe, chairman of Leeds United and the San Francisco 49ers executive. The negotiations, ongoing since late 2023, have reached an advanced stage with the deal potentially valuing the club at £100 million. The American investors, including the 49ers' investment arm, aim to revitalize Rangers by injecting significant capital and securing controlling interest. This move follows concerns within the club about financial sustainability and a need for new energy and resources. Former chairman Dave King and other significant shareholders appear supportive of the takeover, which could reshape the club's board and financial outlook. However, despite the financial boost, UEFA's financial sustainability rules will limit immediate large-scale spending on transfers and wages.