Rangers fans have patiently waited for the 49ers’ takeover to be completed.
The proposal for 49ers Enterprises and Andrew Cavenagh to acquire a controlling stake in the Ibrox club seems to have reached a roadblock.
The group led by Paraag Marathe and Cavenagh had reached an agreement in principle to take over Govan, leaving only legal procedures to be completed.
However, there were concerns about how long the transaction would take, but they appear to have been addressed in recent days.
Rangers takeover ready to be completed
After concerns about the length of the process, the Rangers’ takeover appears to be back on track.
According to the Scottish Sun (20 April), all sides have denied the notion that the deal was stalled and that it is now “closer than ever”.
It adds that former chairman Dave King considers the “blockbuster” American bid to be his legacy at Ibrox, and that the consortium has collected the necessary 51% of shares to execute it.
There had been talk that former Gers CEO Sandy Easdale would be required to finalise the sale, but this has since been denied.
49ers have a huge task at Rangers
The delays to the transaction have left the Americans with a huge dilemma this summer as they try to close the gap on Celtic.
The Gers find themselves 15 points behind their arch-rivals in the Scottish Premiership and it will be a tough task to overcome that anytime soon.
| Scottish Premiership | Played | GD | Points |
| 1. Celtic | 33 | +75 | 81 |
| 2. Rangers | 33 | +33 | 66 |
Barry Ferguson’s future as interim manager is uncertain, and the squad requires a significant revamp. It seems unlikely that it would be possible to complete everything in one summer, thus it will be a lengthy process rather than a quick remedy.
Star players like Hamza Igamane and Nicolas Raskin are expected to receive major interest from south of the border and may decide to go.
However, Marathe and Cavenagh’s anticipated entry is thrilling and should put an end to years of shareholder feuds that have hindered the Auchenhowie outfit.
Better days appear to be on the horizon for Glasgow’s blue half.
