US consortium completes Rangers takeover with promise to take club back to the ‘top'
The new leadership now owns 51% of rangers after purchasing shares and has committed to investing £20m, primarily in players.
Healthcare executive Andrew Cavenagh will become chairman, and Paraag Marathe, chairman of Leeds and president of 49ers Enterprises, will be vice-chairman.
The Scottish Football Association approved the deal after rangers addressed dual ownership concerns, as 49ers Enterprises holds a majority stake in Leeds.
rangers are set to intensify their search for a new manager, with Davide Ancelotti, the outgoing Real Madrid assistant manager, being a leading candidate.
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