Rangers takeover by 49ers-linked US consortium confirmed

The group has promised a £20m injection of funds.

After months of speculation, Rangers have been officially been taken over by a US-based consortium.

The investors, led by health tycoon Andrew Cavanagh and the investment group involved with Leeds United and the American football team, the San Francisco 49ers, have acquired a 51% stake in the club.

Their statement of intent is clear – to return Rangers to the top.

The consortium has promised a £20m injection of funds.

Rangers fans have welcomed the news, hoping it brings to an end a long period of upheaval and under-performance.

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