Rangers in ‘productive conversations’ with US-based consortium over takeover
On Wednesday night a deal was edging ever closer.
Rangers have confirmed “productive conversations” with a US-based consortium aiming to complete a takeover of the club.
It emerged in February that American insurance firm owner Andrew Cavenagh and the 49ers Enterprises had been in talks since late 2024 about acquiring a controlling stake in Rangers.
A statement issued on behalf of Rangers and the consortium interested in acquiring control of the club released on Wednesday evening indicated that a deal was edging ever closer.
“Rangers and its existing controlling shareholders are in productive conversations with the two lead members of the consortium, Andrew Cavenagh and 49ers Enterprises Global Football Group, about the potential for the consortium to acquire control of the club and to inject additional capital,” it read.
