Rangers takeover: New timeline revealed amid major legal development
Rangers are in the midst of a takeover saga, and the 49ers Enterprises are closing in on finalising the deal.
Paraag Marathe and the American consortium made a visit to Ibrox, where they looked at the facilities ahead of buying the Glasgow outfit.
As Gers have a fragmented ownership, the Americans have to strike deals with each individual stakeholder, which undoubtedly complicates the process.
Rangers takeover may still be several weeks away
The takeover is encountering delays due to the intricate nature of acquiring shares from the club’s diverse group of shareholders.
While agreements have been reached to purchase the stakes of major investors John Bennett and Dave King outright, the consortium is also securing portions of shares held by other significant stakeholders.
Each transaction requires its own legal process, which is proving to be a time-consuming endeavour.
According to the Daily Record, it may take several weeks before Andrew Cavenagh and his partners gain full control.
| Name | Job role |
| Denise DeBartolo York | 49ers Co-Chairman |
| John York | 49ers Co-Chairman |
| Jed York | 49ers CEO |
| Paraag Marathe | 49ers Enterprises President |
| Collin Meador | 49ers Enterprises Vice President |
Despite the delays, planning for the Rangers‘ future is moving forward, with the current ownership collaborating closely with the incoming proprietors.
The consortium played a key role in appointing Kevin Thelwell, formerly of Everton, as Gers’ new sporting director.
Thelwell is now tasked with leading the search for a new manager, with the incoming owners expected to have a significant say in the decision.
Thelwell must fast-track plans for the transfer window
Thelwell now faces intense pressure to fast-track plans for the summer transfer window, opening in June, as Gers brace for a critical rebuilding phase.
With the team set to kick off pre-season training in mid-June and a potential Champions League qualifier looming at the end of July, time is tight to appoint a new manager and overhaul the squad.
The ongoing ownership transition, involving complex share acquisitions, adds urgency, as the incoming consortium, backed by the San Francisco 49ers, aims to align the club’s vision.
Thelwell must swiftly identify transfer targets and secure key signings to bolster Rangers’ competitiveness, ensuring the squad is ready for a demanding season ahead.