US consortium completes Rangers takeover

Mark Taber, Andrew Clayton and Gene Schneur will develop into new board participants, with Patrick Stewart ultimate as leader govt.

Current board participants Fraser Thornton, John Halsted and George Taylor will keep on as Graeme Park, Julian Wolhardt and Alastair Johnston step down.

Cavenagh mentioned: “We are deeply grateful for the trust placed in us by the Rangers board, shareholders, staff, and supporters.

“This membership’s historical past and traditions discuss for themselves, however historical past does not win fits. We know that the actual option to honour the membership’s heritage will likely be to force efficiency.

“Our focus is simple: elevate performance, deliver results and bring Rangers back to where it belongs – at the top.”

Cavenagh and Marathe, president of 49ers Enterprises, “will oversee all aspects of the club” with new carrying director Kevin Thelwell formally beginning his function on Monday.

Rangers are within the ultimate phases in their seek for a brand new head trainer, with departing Real Madrid assistant Davide Ancelotti and previous Southampton boss Russell Martin understood to be the main applicants.

Marathe mentioned: “At 49ers Enterprises, we have built a track record of sporting and business success, but our driving motivation is our deep connection to the clubs and communities we serve.

“We are excited to enroll in Andrew and our different consortium of buyers in a brand new generation for this iconic membership and we’re decided to construct one thing that supporters will also be happy with for years yet to come.”

Chief govt Stewart mentioned: “From my earliest conversations with Paraag and Andrew, I’ve been excited and assured within the shared imaginative and prescient and what it will imply for the way forward for Rangers.”

Thornton added: “I additionally need to recognize our primary shareholders whose backing has introduced the membership thus far, the majority of whom have selected to reinvest within the membership and proceed with us at the subsequent level of the adventure.”