Rangers FC: US consortium led by Andrew Cavenagh & 49ers Enterprises becomes a majority shareholder

A US-based consortium of investors led by health insurance entrepreneur Andrew Cavenagh and 49ers Enterprises, a sports investment arm of the San Francisco 49ers (NFL), has acquired, through a new company named "Rangers FC LLC", a 51% stake in Rangers FC (William Hill Premiership) following "approval from the Scottish FA," announced the Scottish club on 30/05/2025.

As part of the deal, "the new leadership has committed to invest £20m ($26.9m) into the club at this time, which will be subject to shareholder approval at the general meeting on 23/06/2025," said Rangers FC, adding that the consortium will also "chart a new strategic vision for the club's future prioritising on-pitch performance and long-term financial sustainability."

"Cavenagh will serve as board chairman. He will work closely with Paraag Marathe (chairman of Leeds United FC), who joins the board as vice chairman and is the president of 49ers Enterprises. Cavenagh and Marathe have spent decades leading highly successful businesses and world class sports brands and as part of the board will oversee all aspects of the…