Rangers share major Ibrox takeover announcement as key investor officially named
Rangers are moving productively with their takeover by the US consortium comprising 49ers Enterprises and Andrew Cavenagh as a breakthrough has emerged.
The takeover has been brewing in the background for several months with discussions having taken place since October, and now it looks as if a major influx of cash could be available at Ibrox in the near future.
Rangers are looking to once again compete with Celtic and their level of investment for the top domestic honours, as the American-based party look to buy out a succession of Rangers shareholders.
Rangers involved in ‘productive conversations’ ahead of takeover
Rangers are moving crucially towards completion of the takeover it now appears, with supporters on edge over the next major breakthrough at Ibrox.
On the pitch, Gers have little now to be concerned with following their elimination from the Europa League in Bilbao last week (17 April).
Investors among the American consortium are set to “inject additional capital” as highlighted by Sky Sports (23 April), which could mean major waves in the transfer market in the near future for the Govan giants.
As Chris Jack of Rangers Review has pointed out on X (23 April), the statement reveals Rangers and their existing shareholders are undergoing “productive” dialogue with the consortium.
Rangers’ major shareholders each own a uniquely evenly-spread portion of the club, with former chairman Dave King the largest shareholder with a stake of just under 13 per cent via his investment firm, New Oasis Asset Limited.
Ibrox could begin new era very soon
For the incoming consortium to take a controlling stake, they must buy out at least 51 per cent of Rangers – which has been the long-term aim throughout discussions.
For this to be achieved, several shareholders have had to agree to sell their slice of Ibrox, with the statement pointing towards the objectives and ambitions of Rangers in years to come.
This will be music to fans’ ears – their side have drastically underperformed domestically over the past four years since last winning their 55th league title in 2021.
| Rangers – current major shareholders | Share |
| Dave King | 12.96% |
| Douglas Park | 11.54% |
| George Taylor | 10.22% |
| Stuart Gibson | 9.53% |
| John Bennett | 7.11% |
| Julian Wolhardt | 6.69% |
| John Halsted | 6.00% |
Europe has been an enjoyable consolation, though too much water has gone under the bridge for supporters to thoroughly beat their chests in admiration at those in the hierarchy.
Many protests, demonstrations and so much uproar online and at matches has taken place, and supporters can now begin to believe their club are finally turning a corner and that silverware can once again adorn the Ibrox cabinet in due course.