Billionaire Rangers investor to remain at Ibrox as three others prepare to sell to 49ers – report

Rangers Set for Major Changes, but Key Investor Expected to Stay

Rangers have consistently trailed Celtic in the Scottish Premiership, with the financial gap between the two clubs becoming increasingly evident.

However, positive changes could be on the horizon in Govan, as Paraag Marathe is reportedly in advanced talks to acquire a controlling stake in G51.

While this could lead to significant changes at the club, one key figure in the Ibrox hierarchy appears likely to remain.

John Halstead to Stay Despite 49ers Takeover

John Halstead, who became a director at Ibrox in August 2023 after investing through his family’s holding company, Perron Investments, LLC, in 2021, is expected to retain his position despite the impending 49ers takeover.

The Wyoming-based businessman, reportedly worth £1.5 billion, will likely stay at Ibrox regardless of the ownership transition, according to The Sun (23 February).

Additionally, another current investor is expected to maintain their shareholding in Govan.

Meanwhile, Dave King is in negotiations to sell his 12.96% stake, with US healthcare tycoon Andrew Cavenagh playing a key role in the US consortium’s bid.

Discussions may also soon begin with John Bennett, who owns a 7% stake in the club, as part of the ongoing restructuring.

Rangers Facing Major Overhaul Under 49ers Enterprises

According to The Athletic, 49ers Enterprises are just months away from securing a controlling 51% stake in Rangers, signaling a major transformation in Govan.

Negotiations have likely been underway for some time, meaning changes could happen faster than supporters anticipate.

Given the success of the 49ers group since taking charge at Leeds United, this development could provide a significant boost for the Light Blues.

Fans now eagerly await confirmation of the takeover, which may hinge on Bennett’s willingness to part ways with his stake in the club.