Rangers NOW BIGGER than Celtic after 90% Completion of Rangers takeover that has left celtic fans SCARED

Rangers Football Club is on the verge of a significant change in ownership, with US investors poised to take control of the club. According to Dave King, former chairman and current shareholder, the takeover is approximately 90% complete, with a deal potentially being finalized by mid-June.

The Takeover Deal
The consortium leading the takeover includes healthcare tycoon Andrew Cavenagh and Paarag Marathe, chief of 49ers Enterprises. King’s 13% stake in the club will be crucial in facilitating the sale, as the Americans aim to acquire a 51% controlling stake.

King’s Expectations
King emphasized the need for the new owners to act swiftly, given the upcoming Champions League qualifiers. He believes the club requires a significant overhaul of the playing squad to compete effectively with Celtic next season.

Changes at Rangers
The club has already appointed Kevin Thelwell as their new sporting director, who will oversee the search for a new manager. Additionally, Rangers are in talks with Everton’s Gareth Prosser to become their new head of academy.

King’s Critique of Rangers’ Academy and Transfer Activity
King expressed concerns about the club’s academy and transfer activity in recent years, stating that they have been “quite deplorable.” He emphasized the need for investors with a long-term financial plan, committed to providing resources for operational issues and player trading.

Potential Conflict of Interest
With Marathe and the 49ers Enterprises also controlling Leeds United, King doesn’t foresee any potential conflict of interest. He believes the Americans understand the landscape of Scottish football and what is required to succeed at Rangers.

New Ownership Structure
King highlighted the benefits of having a more calculated and neutral approach to decision-making, contrasting with the emotional swings often seen in supporter-dominated boards. The new owners are expected to bring a more robust and tangible football and financial plan.

Key Challenges Ahead
The new ownership structure will face several challenges, including:

• Rebuilding the Squad: Rangers will need to significantly bolster their squad to compete with Celtic and other top teams.
• Champions League Qualifiers: The club’s performance in the Champions League qualifiers will be crucial in determining their European prospects.
• Financial Planning: The new owners will need to develop a comprehensive financial plan, addressing operational issues and player trading.

Overall, the potential takeover of Rangers by US investors marks an exciting and significant development for the club. With King’s guidance and the new ownership structure, Rangers may be poised for a brighter future ¹.