Investor Speaks on Rangers’ US Takeover as Ideal Date for £100m Deal Announcement Emerges

Rangers Nearing £100m US Takeover Led by Cavenagh and 49ers Enterprises

Rangers are on the brink of a US-led takeover, spearheaded by healthcare mogul Andrew Cavenagh and the sports consortium 49ers Enterprises.

The £100 million deal will see the American investors acquire a 51% stake in the Ibrox club, with completion expected by the end of May.

Cavenagh was in attendance to witness Rangers’ dramatic penalty shootout victory over Fenerbahce, which secured their place in the Europa League quarter-finals.

His presence at Ibrox further fuels speculation that the takeover is nearing its conclusion.

Following the match, Sky Sports managed to get a brief comment from Cavenagh, but he remained tight-lipped on any takeover discussions.

“It was a great match tonight,” Cavenagh said. “I’m just here to support the club. Have a wonderful night.”

Shortly after, he left the stadium, having experienced the electric atmosphere of Ibrox for the first time on a European night.

Reports indicate that the cost of securing control of Rangers could reach £100 million, highlighting the scale of investment being made by the US-based consortium.

Ideal Timing for Rangers’ Takeover Announcement?

Rangers’ progression to the Europa League quarter-finals came after a tense night at Ibrox, where they overcame Fenerbahce in a penalty shootout.

Goalkeeper Jack Butland was the hero, helping the team advance despite a 2-0 loss on the night.

Their earlier 3-1 victory in Turkey proved decisive in securing their place in the next round, where they will now face Athletic Bilbao.

The first leg of the quarter-final is set for April 10 in Glasgow.

With momentum building on and off the pitch, the timing of the takeover announcement could be significant.

Reports suggest that the broad terms of the agreement are already in place, with a period of due diligence now underway.

Former club chairman Dave King is expected to play a key role in ensuring the deal is finalized, viewing the takeover as part of his legacy at Ibrox.

However, some Rangers fans are eyeing a particular date for the announcement.

With Celtic currently 16 points clear at the top of the Scottish Premiership, their title win seems inevitable, bringing them level with Rangers’ world record of 55 league championships.

The exact date of Celtic’s title celebration will become clearer in the coming weeks.

If the Rangers takeover is officially confirmed on the same day, it would create a major headline shift in Scottish football, overshadowing their rivals’ achievement.