FILE PHOTO: Soccer Football - Scottish Premiership - Rangers v Celtic - Ibrox, Glasgow, Scotland, Britain - May 4, 2025 Rangers fans display a banner inside the stadium before the match Action Images via Reuters/Lee Smith/File Photo
(Reuters) - An American consortium of investors led by Andrew Cavenagh and 49ers Enterprises has purchased a majority stake in Rangers, the Scottish Premiership side confirmed on Friday.
The takeover has been approved by the Scottish Football Association, Rangers said in a statement, adding that the new leadership has committed to invest 20 million pounds ($26.95 million) into the club.
