American investors are currently negotiating a substantial multi-million-pound takeover of Rangers Football Club. The Scottish Premiership club, trailing 13 points behind rivals Celtic, has found itself in discussions with a consortium of investors, including prominent figures such as Paraag Marathe. Although no agreement has been reached, the talks signal a significant potential shift in the club's ownership landscape.
Rangers have faced financial challenges, notably posting a £17.2 million loss last year, which has likely spurred interest from outside investors. The negotiations involve Marathe, who is well-known in sporting circles as the president of 49ers Enterprises, the investment arm of the NFL's San Francisco 49ers. Additionally, Marathe holds the position of executive vice-president of football operations for the 49ers and serves as the chair of Leeds United.
Ownership at Ibrox is currently divided among several key stakeholders. Former Rangers chair Dave King holds the largest share with approximately 13%, while other former chair Douglas Park and director George Taylor each possess over 10% of the club. The involvement of these investors marks a notable development as the club seeks to navigate its current financial standing and competitive performance.
Sky Sports News has reached out to Rangers, Leeds United, and the San Francisco 49ers for comments on the ongoing discussions. However, no official statements have been released at this stage. The negotiations come amidst a challenging season for Rangers, having recently lost the League Cup final to their Old Firm adversaries and being knocked out of the Scottish Cup following an unexpected defeat at home to Queen's Park.
The potential takeover represents a significant opportunity for Rangers to secure financial backing amid their current struggles on and off the pitch. The consortium's involvement could bring new resources and expertise to the club, potentially reshaping its future trajectory in Scottish and European football.
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