Andrew Cavenagh delivers bold 10-year Rangers vow at EGM
The US investor, who partnered with 49ers Enterprises to land the 51 per cent takeover deal, addressed those in attendance at the Doubletree by Hilton near Glasgow Central.
Describing Ibrox as a "castle" and "magical place", Cavenagh gushed at the life-changing phone call back in October, which led to his involvement at Ibrox.
He then vowed he, and Marathe, along with the new leadership team, would not throw money at Rangers, win one title and then disappear.
Instead, Cavenagh promised to make Rangers self-sustainable while also delivering league titles, cup trophies and competing on the European front.
The businessman then insisted he envisions leading the club not for one year but for at least a decade as he received a warm round of applause for his remarks from impressed shareholders in the room.
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"The passion of the fans is the number one thing I love about this club," said Cavenagh, who started his speech by joking he'd stand instead of sitting as to avoid beginning his tenure in a low block.
"Number two would be Ibrox. It's our castle and a magical place to be.
"Our ambition is to put the team in a position to win the league and compete in Europe.
"We're not here to throw money, win a title and go off into the sunset. We are here for the long term.
"Resources, people and a plan - the three most important things going forward."
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