Rangers have told Sky Sports News they are in “productive conversations” with a US consortium who are set to take over the Ibrox club and “inject additional capital”.
Sky Sports News reported in March that healthcare tycoon Andrew Cavenagh and the San Francisco 49ers investment arm, the 49ers Enterprises, had agreed a deal in principle to acquire a controlling stake in the Scottish Premiership club.
Talks have been ongoing since the end of October, and a deal – which will see the US group gain at least 51 per cent of the shares in Rangers – is expected to be completed ahead of the new season.
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Exclusive shots from Ibrox as health insurance tycoon Andrew Cavenagh is quizzed on the US-led takeover of Rangers
When asked about the talks, Rangers and the consortium issued a joint statement to Sky Sports News saying: “Rangers and its existing controlling shareholders are in productive conversations with the two lead members of the Consortium, Andrew Cavenagh and 49ers Enterprises Global Football Group, about the potential for the Consortium to acquire control of the club and to inject additional capital.
“These discussions reflect a shared recognition of the importance of Rangers FC’s long-term direction, ambitions and management.”
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Health insurance tycoon Andrew Cavenagh and Gretar Steinsson of the San Francisco 49ers were at Ibrox for Rangers’ Europa League quarter-final
More to follow…
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