Cavenagh issues response to Rangers 'full control' poser
The Ibrox chief, who joined forces with 49ers Enterprises to obtain a 51 per cent stake in Rangers, issued a response to the question at a recent Fan Advisory Board meeting.
Cavenagh revealed he and the new ownership group are "comfortable" with their majority shareholding in the club.
Members of the FAB had asked whether there was a long-term vision to buy out all shares in Rangers and obtain total control at Ibrox.
But the recently appointed chairman stated the consortium is not drawing up any such plans.
In fact, Cavenagh went on to reinforce the importance of supporter shareholders in the club as he cited their presence as being vital to the club's identity and ongoing governance.
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The minutes of the FAB meeting read: "FAB members also asked about the structure of the ownership group and whether the intention was to pursue full control.
"AC explained that the consortium is comfortable with holding a majority stake, and there are no current plans to acquire the remaining shares.
"He reinforced the importance of preserving the role of supporter shareholders in the club's identity and ongoing governance.
Cavenagh then addressed the decision to take the club private after the takeover as he vowed transparency would remain essential.
The minutes revealed: "A further question was also raised around the decision to take the club private.
"AC noted that taking the club private enables more efficient decision-making and governance, better suited to the club's needs, but emphasised that transparency, accountability and meaningful supporter engagement, particularly through mechanisms like the FAB, will remain essential features of how the club operates."
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