Dave King Set to Sell His Stake in Rangers Amid Takeover Talks – Report
Rangers' Ownership Situation Takes Center Stage in the Past 24 Hours
Rangers have endured a disappointing season, missing out on both the Scottish Cup and the Scottish League Cup, among other setbacks.
However, with reports suggesting that 49ers Enterprises could potentially take over the club, there is a sense of optimism emerging in Glasgow.
A new development regarding Dave King’s shares in Rangers has surfaced following the latest takeover speculation.
Dave King Could Sell His Rangers Shares Amid 49ers Takeover Talks
The lack of Champions League football has made things difficult for Rangers, despite their progress in the latter stages of the Europa League.
Significant changes are expected both on and off the pitch if a takeover materializes, and King’s decision to sell his shares could be a positive move for the club.
A report from the Mail (19 February) indicates that the former Ibrox chairman is eager to sell his stake.
“Dave King is thought to be keen to offload his parcel, and Julian Wolhardt and John Halsted have become peripheral figures,” the report states.
Rangers Need 49ers Enterprises to Step In
The 2024/25 season has highlighted how far behind Rangers are compared to their biggest rivals.
Despite a 3-0 victory over Celtic in January and pushing them to the wire in the Scottish League Cup final, the gap in squad quality is undeniable.
On paper, Rangers boast some of the best players in the Scottish Premiership.
However, their inconsistency has been a major issue throughout the campaign, further emphasized by their humiliating 1-0 loss to Queen’s Park.
Philippe Clement’s side has suffered just four league defeats this season, but the fact that one of those came against St Mirren underlines their struggles.
The future remains uncertain for Rangers, but fans will be hoping the 49ers can step in and provide the financial backing needed to restore the club to it’s former glory.
