Rangers takeover: Keith Jackson issues rubber-stamping update
Rangers takeover appears to be in its final stages with an agreement reached with the San Francisco 49ers.
This agreement with the NFL side is one in principle only and there is a legal framework that needs to be followed before the deal can be completed.
The Americans are eyeing a 51 per cent controlling stake in the Ibrox outfit with them keen on making it happen as soon as possible.
Gers takeover now only a matter of weeks
Daily Record journalist Keith Jackson broke the initial takeover story and has issued an update on the rubber-stamping of the deal.
He claims that things are now with the lawyers and while he’s not sure how long the rubber stamping will take exactly, it’s understood to be weeks rather than months.
Jackson said on 3 March: “It’s with the lawyers, how long it’s going to take to finesse everything and get it rubber-stamped, I’m not sure. But I’m reliably informed it’s more likely to be weeks than months.”
The deal is understood to be a complex one, but the fact that an agreement has been reached means it’s in its advanced stages.
Paraag Marathe and the 49ers are expected to purchase Rangers without any major hindrance
The next steps in Gers’ takeover are likely to involve completing due diligence and finalising legal paperwork, as the deal, now in principle, moves to its conclusive phase.
Due diligence will see Paraag Marathe and co scrutinise Gers’ financials, contracts and liabilities to ensure no hidden risks, while lawyers draft agreements to secure the 51 per cent controlling stake.
Regulatory approval from the SFA and English Football League (EFL), due to Paraag Marathe’s Leeds United ties, remains critical, though both bodies are unlikely to block it.
| Entity | Stake in Rangers |
| Dave King | 13% |
| Douglas Park | 11.5% |
| George Taylor | 10.22% |
| Stuart Gibson | 9.53% |
| John Bennett | 7.11% |
| Bonita Investments Ltd. | 6.69% |
| Perron Investments Ltd. | 6% |
The process appears set to proceed swiftly because an agreement has been reached with current shareholders like Dave King and John Bennett, who are ready to sell, and the deal’s complexity is already being navigated.
This advanced stage, coupled with the 49ers’ clear intent and resources, signals strong momentum toward completion.