Rangers Takeover Deal Nearing Completion as Latest Report Confirms 49ers’ Bid is “Well Baked”
A Surprise Twist Amid a Week Focused on Philippe Clement’s Future at Rangers
When news of the San Francisco 49ers’ takeover attempt broke, speculation quickly followed about what might come next and whether the reports were accurate.
Dave King has since addressed the situation, but his comments have somewhat dampened expectations.
The former Rangers chairman discussed how the potential deal came about and its current status, though his statements suggest he may not be entirely forthcoming.
49ers Consortium’s Rangers Takeover Making Significant Progress
According to Jordan Campbell of The Athletic, who previously covered Rangers, sources close to the deal claim it is already “well baked.”
Interestingly, King has contradicted himself, stating that there is still much to be done while also outlining in detail the steps he has taken to bring the relevant parties together.
His comments suggest that the process is well advanced, despite his attempts to downplay its progress.
Given his history, it is hardly surprising that he would not remain silent on such a significant development.
The Latest on the Takeover Timeline
The timeline of this takeover has been moving rapidly.
Initially, news broke of Paraag Marathe’s involvement, complicating matters due to the 49ers Enterprises group’s ownership of Leeds United. Under existing regulations, they would be limited to a 29.9% stake.
However, by involving other consortium members, they could surpass 50% ownership and navigate these restrictions.
The next major hurdle was the Scottish Football Association’s approval, but if reports are accurate, this has already been resolved.
Concerns about a lengthy negotiation process have also been dismissed, with a projected completion date between April and June offering fans a promising glimpse of what lies ahead.
Meanwhile, Andrew Cavanagh has emerged as a key figure in the discussions.
With fresh updates emerging almost hourly, it’s almost easy to forget that there’s still football to be played in the midst of it all.
