Rangers release £5.3m document on Companies House amid takeover agreement

San Francisco 49ers are on the verge of completing their takeover of Rangers with an agreement in principle already reached.

The Ibrox outfit released a document on Companies House on Monday, 10 March, ahead of the completion of the takeover.

Shares in the club were sold at 20p each back in February and now that has been officially certified.

Rangers ex board member Dave King
Credit: Imago

Gers release £5.3million statement of capital

Gers referenced the allotment of the shares made on 26 February and shared that the statement of capital following the allotment of shares was £5.3million. (Companies House)

This figure represents the total nominal value of Rangers’ issued shares, reflecting the capital raised through this share issuance.

It’s a procedural step often tied to restructuring ownership or raising funds, here likely facilitating the takeover by providing a clear valuation and share structure for the incoming investors.

The major shareholders are understood to be open to selling their stake in the club to help the 49ers become the new majority owners.

Paraag Marathe
Credit: Imago

American investment could bring in a transformative era at Rangers

For Rangers, this could herald a transformative era.

The 49ers, valued at billions, bring significant financial muscle and expertise from their ownership of Leeds United and the NFL franchise.

This influx of capital and strategic know-how could bolster Gers’ competitiveness in the Scottish Premiership, fund infrastructure upgrades, and enhance commercial opportunities.

ShareholderStake
Dave King12.96%
Douglas Park11.54%
George Taylor10.22%
Stuart Gibson9.53%
Julian Wolhardt9.53%
John Halsted9.53%
John Bennett7.11%
Shareholders who have agreed to sell all or part of their stake.

Assuming the San Francisco 49ers complete their takeover, realistic targets for the first 365 days could focus on stabilisation and growth.

Initially, the new owners might aim to inject capital to overhaul the squad, targeting key signings like a dominant midfielder or striker to challenge Celtic’s dominance.

Off-field, upgrading Ibrox and leveraging 49ers’ data-driven recruitment could enhance competitiveness.

Securing a top-two Scottish Premiership finish and a strong Europa League run would be ambitious yet feasible.

Establishing a clear strategic vision, as seen with Leeds United, would also build fan trust and set a foundation for sustained success.