The group of investors around the NFL franchise bought the traditional Scottish football club.
The San Francisco 49ers have incorporated another football tradition club to their worldwide “Football Group” according to Premier League promoted Leeds United.
The Scottish record champion Glasgow Rangers confirmed the takeover by the American investor on Friday, whose franchise won the Super Bowl in the NFL five times.
Accordingly, the consortium took over 51 percent of the shares with US TYCOON Andrew Cavenagh and the 49ers Enterprises company. Cavenagh will be the new club boss as his vice will act Paraag Marathe, the President of 49ers Enterprises.
“With history you don’t win games”
Marathe is already available Leed’s United, with whom 49ers Enterprises 2018 had entered into a partnership. In July 2023, the group achieved full control over the three -time English champion in the course of a £ 170 million (around 200 million euros).
The Rangers are nationally in the shadow of arch -rival Celtic, since 2011 only one championship (2021) and a success in the FA Cup (2022). In October 2024, despite record sales and record income, they recorded a net loss of £ 17.2 million (20 million euros).
“The history and tradition of this club speak for themselves, but you don’t gain games with history,” said Cavenagh: “We know that we can only honor the inheritance of the club by increasing performance. Our focus is simple: increase performance, deliver results and bring the rangers to where they belong – to the top.”
As the first financial injection, the new owners provide £ 20 million. In addition, the coaching question should be clarified promptly. Davide Ancelotti, who recently assisted his father Carlo at Real Madrid, and Russell Martin (formerly FC Southampton) are considered candidates.
The Investor Group Around the NFL Franchise Has Bough the Traditional Scottish Football Club.
The San Francisco 49ers, Through Their Globally Operating “Football Group,” Have Incorporated Another Traditional Football Club, as Planned, Following Premier League Promoted Team Leeds United.
Scottish Record Champions Glasgow Rangers Confirmed on Friday the Takeover by the American Investor, Whose Franchise Has Won The Super Bowl Five Times In The NFL.
Accordingly, the Consortium with Us Tycoon Andrew Cavenagh and the Company 49ers Enterprises at the Top Has Taken Over 51 Percent of the Shares. Cavenagh Will Become the New Club Boss, with Paraag Marathe, The President of 49ers Enterprises, Acting as His Vice.
“You Don’t Win Games with History”
Marathe Already Heads Leeds United, with whom 49ers Enterprises Entered Into A Partnership in 2018. In July 2023, The Group Gained Full Control of the Three-Time English Champions in A Deal Worth 170 Million Pounds (Around 200 million Euros).
The rangers are nationalally in the shadow of arch-rivals celtic, since 2011 they have only managed one championship (2021) and one success in the fa cup (2022). In October 2024, Despite Record Sales and Record Revenues, They Recorded a Net Loss of 17.2 million Pounds (20 million euros).
“The History and Tradition of this Club Speak for Themelves, but you Don’t Win Games with History,” Said Cavenagh: “We know that we can only honor the legacy of the club by improving performance. Our focus is simple: IMPROVE results and Bring the rangers They Belong – to the Top. “
AS A First Financial Injection, The New Owners are Providing 20 million Pounds. In addition, The Coaching Question Should Be Clarified Promptly. Candidates Include Davide Ancelotti, Who Most Recently Assisted his Father Carlo at Real Madrid, and Russell Martin (Formerly FC Southampton).