Andrew Cavenagh and 49ers Enterprises completed the acquisition of a majority stake in Rangers FC for £20m.

Andrew Cavenagh and 49ers Enterprises, a professional American football team, completed the acquisition of a majority stake in Rangers FC, a professional football club, for £20m. "We are deeply grateful for the trust placed in us by the Rangers Board, shareholders, staff, and supporters. This club’s history and traditions speak for themselves, but history doesn’t win matches. We know that the true way to honour the club’s heritage will be to drive performance. Our focus is simple: elevate performance, deliver results, and bring Rangers back to where it belongs - at the top," Andrew Cavenagh.