The San Francisco 49ers are aiming to complete their takeover of Rangers in the coming days, positioning themselves as the new majority owners of the Scottish club.
Negotiations have been ongoing for several months, and progress is accelerating as the NFL giants demonstrate their serious intent to assume control.
With numerous reports circulating about the takeover, Ibrox News has compiled a summary of the latest developments as of 19 March.
49ers file relevant paperwork ahead of Rangers takeover:
A takeover is a complex legal process, involving significant bureaucracy before the deal can be finalized.
However, a crucial step has been achieved, as the San Francisco 49ers have submitted all the necessary paperwork, according to TEAMtalk.
Many of Rangers’ existing shareholders are already on board, with a willingness to sell either a majority or entirety of their stakes in the Ibrox club.
Gers set to be backed with impressive transfer kitty this summer:
The summer transfer window is just a few months away, and the takeover is expected to be completed by then.
It is understood that the 49ers will provide Rangers with a substantial transfer budget to strengthen the squad and enhance their competitiveness on the pitch.
However, there will be no excessive spending spree, as the club must adhere to Profit and Sustainability Rules (PSR).
Additionally, no decision has been made regarding the appointment of a new manager, and the possibility of Barry Ferguson being given the role permanently has not been ruled out.
Leeds United-esque celebrity involvement may be seen at Ibrox:
According to TEAMtalk sources, the 49ers plan to leverage their connections with celebrities to boost the Rangers brand.
This could mean seeing high-profile figures donning Rangers jerseys in the near future.
The NFL franchise has implemented a similar strategy at Leeds United, where celebrities like Will Ferrell, Russell Crowe, Michael Phelps, and Jordan Spieth have shown support for the club’s project.