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The Independent UK
The Independent UK
Sport
Ronnie Esplin

US consortium complete Rangers takeover and promise £20m investment

Rangers Andrew Cavenagh Paraag Marathe Andrew Milligan Mike Egerton Patrick Stewart 49ers Enterprises Davide Ancelotti
The US consortium, led by healthcare tycoon Andrew Cavenagh (left) and the 49ers Enterprises, completes its takeover of Rangers - (PA Wire)

A US consortium of investors, led by healthcare Andrew Cavenagh and 49ers Enterprises, has completed its takeover of Rangers and immediately pledged to take the club back to the “top”.

The new leadership now owns 51 per cent of Rangers following a number of share purchases and has committed to invest £20m into the club, the vast majority to be spent on players.

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