Rangers confirm takeover talks with investors including 49ers

Rangers confirm takeover talks with US investors

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Rangers have confirmed for the first time that they are in negotiations with American investors, including the San Francisco 49ers, about a possible takeover of the club. Reports of interest first surfaced earlier this year but the Ibrox club said that "productive conversations" are ongoing. In a joint statement, Rangers also added that the potential investors are looking for a controlling stake. Neither party have mentioned a timeline for any deal to be concluded, though sources close to negotiations previously said a deal was expected to be completed between April and June.

The statement said: "Rangers and its existing controlling shareholders are in productive conversations with the two lead members of the Consortium, Andrew Cavenagh and 49ers Enterprises Global Football Group, about the potential for the Consortium to acquire control of the club and to inject additional capital. "These discussions reflect a shared recognition of the importance of Rangers FC's long-term direction, ambitions and management." BBC Sport previously reported that Paraag Marathe, the Leeds United chairman and the force behind 49ers Enterprises - the investment wing of the 49ers NFL franchise - is a key player in the prospective Rangers takeover.

Getty Images Paraag Marathe is the the Leeds United chairman and President of 49ers Enterprises

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