The San Francisco 49ers have sent a simple message after the Rangers takeover was completed.
Andrew Cavenagh and 49ers Enterprises - an investment wing of the NFL franchise - have acquired a controlling 51 per cent stake in Rangers.
Cavenagh will become the Rangers chairman with Paraag Marathe, a key 49ers Enterprises figure, taking the position as vice-chairman.
— San Francisco 49ers (@49ers) May 30, 2025
After the confirmation of the deal, the San Francisco 49ers' social media accounts shared a short message.
Quoting the post announcing the takeover deal, the NFL franchise simply posted: "🔴🔵⚪"
A Rangers statement read: "Rangers Football Club is pleased to announce that a consortium of investors, led by Andrew Cavenagh and 49ers Enterprises, has purchased a majority stake in the club, with approval from the Scottish FA.
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"The consortium will chart a new strategic vision for the club’s future prioritising on-pitch performance and long-term financial sustainability.
"The new leadership has committed to invest £20 million into the club at this time, which will be subject to shareholder approval at the General Meeting on 23 June 2025.
"Cavenagh, a business leader and healthcare executive, will serve as Board Chairman. He will work closely with Paraag Marathe, who joins the Board as Vice Chairman and is the President of 49ers Enterprises, a sports investment entity also led by San Francisco 49ers CEO Jed York. Cavenagh and Marathe have spent decades leading highly successful businesses and world class sports brands and as part of the Board will oversee all aspects of the club in this next chapter.
"Reflecting the club’s new leadership, Mark Taber, Andrew Clayton and Gene Schneur will join Cavenagh and Marathe as new members of the Board. Patrick Stewart, Fraser Thornton, John Halsted, and George Taylor will remain on the Board. Graeme Park, Julian Wolhardt, and Alastair Johnston are stepping down from the Board with deep thanks from the club for their contributions."
