The new Rangers board has been confirmed after Andrew Cavenagh and 49ers Enterprises purchased a majority share in the club.
The investment, with £20m to be pumped into the club, will come with a shift to the directors at Ibrox as new faces join the board with a couple of departures.
Cavenagh will be the new chairman and 49ers Enterprises chief Paraag Marathe will join the board as vice-chairman alongside Mark Tober, Andrew Clayton and Gene Schneur as part of the new regime.
Patrick Stewart, Fraser Thornton, John Halsted and George Taylor will remain on the Rangers board after the takeover.
However, three board members will step down from their positions with "deep thanks" from the club for their efforts.
Greame Park, Julian Walhardt and Alastair Johnston will leave the board.
A club statement confirmed: "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."
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A club statement confirmed: "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.
"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."
New Rangers chairman and board of directors confirmed
Official Rangers board: Andrew Cavenagh, Paraag Marathe, Mark Taber, Andrew Clayton, Gene Schneur, Patrick Stewart, Fraser Thornton, John Halsted and George Taylor.
