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Monday briefing: Official: US consortium completes Rangers takeover

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2 June 2025 - 4:30 AM

Rangers Football Club have officially been acquired by a new American ownership group, with plans to invest £20 million into the Scottish club.

The consortium, led by healthcare entrepreneur Andrew Cavenagh and supported by 49ers Enterprises, the investment arm of the NFL's San Francisco 49ers, secured a 51 percent stake after months of negotiations, culminating just before midnight on Thursday.

According to a club statement, Cavenagh will serve as the new chairman of Rangers, w

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