Rangers are on the brink of a major ownership shake-up, with a group of American investors finalising a deal to acquire a controlling stake in the club. Paraag Marathe, president of 49ers Enterprises and chairman of Leeds United, is leading the bid alongside Andrew Cavenagh, a Philadelphia-based health insurance mogul.
The takeover, agreed in principle, would see the US consortium secure at least 51% of shares, giving them majority control at Ibrox. Legal paperwork is currently being drafted, with the deal expected to be completed ahead of the new season.
Who Are the Investors?
Paraag Marathe
Marathe is a well-known figure in sports investment, playing a key role in the San Francisco 49ers’ success and the Leeds United ownership group. His business acumen and experience in sports analytics have helped transform both clubs, and now, he looks set to bring that expertise to Glasgow.
Andrew Cavenagh
Cavenagh, a Philadelphia-based entrepreneur, has built his fortune in the health insurance sector. He serves as Executive Chairman of ParetoHealth, a company specialising in employee healthcare solutions. While his background isn’t in football, his financial influence adds weight to the takeover bid.
What This Means for Rangers
Rangers are currently playing catch-up with Celtic in the Scottish Premiership, trailing their rivals by 16 points. This takeover could provide much-needed financial stability and investment in key areas such as squad development, facilities, and commercial expansion.
Despite Marathe’s existing ties with Leeds United, he has made it clear that Rangers will retain their independence and will not serve as a feeder club to the English side.
The backing of 49ers Enterprises also raises intriguing possibilities. Their expertise in sports data analytics, commercial growth, and brand expansion could be used to modernise Rangers’ operations, both on and off the pitch.
Next Steps and Final Approval
While an agreement has been reached in principle, the deal must still go through legal processes and regulatory approval from football authorities, including the Scottish Football Association (SFA) and the English Football League (EFL) due to Marathe’s links with Leeds.
If finalised, this would mark one of the most significant ownership changes in Rangers’ history. With fresh investment and a new strategic vision, the club could be set for a major transformation in the seasons ahead.