US-led consortium 49ers Enterprises secures control of Rangers, plans £20M investment in players.

US-led consortium 49ers Enterprises, headed by Andrew Cavenagh, has taken over Rangers, securing a 51% stake and promising a £20 million investment in players, pending shareholder approval on June 23. Cavenagh will be chairman, with Paraag Marathe as vice-chairman. The group aims to elevate Rangers' performance and challenge Celtic's dominance, with a new manager likely to be appointed soon.