Who own Rangers?
Rangers International Football Club PLC is the holding company for Rangers Football Club.
A consortium of investors, led by Andrew Cavenagh and 49ers Enterprises, acquired a majority stake in the club on 30 May 2025.
The major shareholders are as follows:
- Rangers FC LLC (including Andrew Cavenagh, 49ers Enterprises and others in the consortium)
- Douglas Park
- George Alexander Taylor
- Perron Investments LLC (John Halsted has stated that he is the beneficial owner of the shares held)
Who is Andrew Cavenagh?
Andrew Cavenagh is the co-founder of ParetoHealth and he will bring expertise in health insurance and risk management to Rangers’ new ownership structure.
ParetoHealth, focused on innovative employee benefits and self-insurance solutions, manages £5.2billion in assets, serving mid-sized American employers with cost-containment strategies.
Previously, Cavenagh held roles at Berkley Accident & Health and M&T Bank, specialising in insurance underwriting and finance and contributed to the Self-Insurance Institute of America’s committees on self-funded insurance.
In February 2025, he stepped down as ParetoHealth’s CEO, transitioning to executive chairman to focus on strategic initiatives, including his role at Rangers.
Cavenagh, as Rangers’ chairman, is joined by 49ers executive and Leeds United chairman Paraag Marathe as vice chairman.
How much were Rangers bought for?
In May 2011, Craig Whyte acquired Rangers from Sir David Murray for a nominal fee of £1, taking on the club’s substantial financial burdens, such as existing debts and the costs of stadium maintenance.
Whyte, via his company Wavetower Limited, purchased Sir Murray’s 85.3 per cent stake in Rangers for a symbolic £1.
In the deal, Whyte committed to managing the club’s financial obligations, which included an £18million bank debt, a £2.8million tax liability, £1.7million for stadium upkeep, £5million owed for players and an additional £5million in working capital.
Following Whyte’s acquisition, Rangers encountered severe financial challenges, resulting in administration and eventual liquidation, after which Charles Green’s consortium bought the club for £5.5million.
Rangers International Football Club plc (RIFC) was established in December 2012 as the holding company, listed on the Alternative Investment Market, with Green initially owning 14.9 per cent and Mike Ashley 8.9 per cent.
Green later sold his shares to Sandy Easdale, who raised his stake to 5.21 per cent by September 2014, controlling 26.15 per cent of voting rights via proxies. Meanwhile, Rangers faced financial challenges, starting in the Scottish Third Division and climbing back up the leagues.
Mike Ashley increased his shareholding to 8.92 per cent while the Isle of Man-based hedge fund Laxey Partners briefly became the largest shareholder with a 16.3 per cent stake.
In December 2014, Laxey sold its shares to a group including Douglas Park, George Letham and George Taylor, who later stabilised Rangers. Within a month, King bought a 14.57 per cent stake, and in March 2015, he led a takeover with their support, ousting the board to become chairman.
Throughout this period, the club’s ownership remained a mix of individual investors and fan groups like Club 1872, with King retaining a substantial shareholding through his family trust, New Oasis Asset Limited.
What is the net worth of some of the shareholders?
The York family own the 49ers and have an estimated net worth of £4.73billion.
Douglas Park, who established Park’s of Hamilton, a Scottish transport firm, is reportedly believed to have a net worth of approximately £399million.
Stuart Gibson is the owner of ESR Group Limited and is the richest shareholder at the club, with a net worth of reportedly more than £4.3billion.