February 21 – A US-led takeover bid for Scottish giants Rangers is at a complicated stage with the bid being run by an funding arm of San Francisco 49ers, in keeping with a number of reviews.
In line with the BBC, there may be “broad settlement” between all events, with present shareholders anticipated to promote all, or half, of their stake within the membership within the coming months.
Rangers path arch-rivals Celtic by 13 factors within the Scottish Premiership and are out of the Scottish Cup after a shock defeat by Championship facet Queen’s Park earlier this month.
Off the sector, they posted a web lack of £17.2 million in October 2024 regardless of what they known as document income and revenue figures for the yr to June.
Paraag Marathe, the Leeds United chairman and the drive behind 49ers Enterprises, is reported to be a key participant within the potential takeover.
49ers Enterprises has full management of Championship leaders Leeds after a £170 million takeover in July 2023 however could be restricted to lower than a 3rd of the Gers underneath present Scottish FA possession guidelines.
“We’re open to anybody who approaches us on funding. Nevertheless it must be the appropriate folks and the appropriate situations and for the correct quantity of shares,” a Rangers spokesperson was quoted as saying. “We don’t need one individual proudly owning the membership.”
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