Rangers are in advanced negotiations with 49ers Enterprises regarding a potential takeover, with attention now turning to the club’s existing shareholders to see if they will approve a deal.
Reports on Wednesday (19 February) revealed that discussions between Rangers and the US-based consortium, led by Leeds United chairman Paraag Marathe, have reached an advanced stage, with the Daily Record providing insight into the ongoing talks.
The 49ers Enterprises are aiming to acquire enough shares to become the largest stakeholder at Ibrox. However, with Rangers’ shares distributed among multiple smaller shareholders, the group will need to secure widespread agreement to finalize a deal.
Barry Ferguson Reacts to Takeover Developments
Former Rangers captain Barry Ferguson shared his immediate thoughts on the potential takeover, emphasizing that he has long advocated for fresh investment in the club.
While acknowledging the positive aspects of the 49ers’ interest, Ferguson remained cautious, expressing his relief that discussions are at least taking place behind the scenes.
When asked whether the current shareholders in Govan would be willing to part with their shares, he suggested that they would ultimately prioritize the club’s best interests.
“You want what is best for the club, and if someone comes in willing to pay what the shares are valued at, I’d expect the shareholders to do a deal,” Ferguson said on Go Radio (19 February).
“But it’s not just about buying the shares—these new investors, if they come in, will need to put more money into the club. That’s exactly what’s needed.
“Look, I wouldn’t get too excited just yet, but it’s encouraging to see things happening behind the scenes. It’s obvious that fresh investment is crucial. That has to be one of the key priorities for the new chairman and chief executive moving forward.”
Ferguson also joked about the scale of investment required at Ibrox, humorously stating:
“I’m not being greedy—I’m only asking for maybe half a billion. A wee half a billion would do nicely.”
Rangers Poised for Major Financial Boost
Years of underwhelming performances on the pitch, coupled with financial mismanagement at the boardroom level, have left Rangers struggling to compete with Celtic financially.
For context, Rangers’ most expensive signing in the last summer transfer window was Mohamed Diomande, who arrived for just over £4.3 million. In contrast, Celtic spent £11 million on Arne Engels and further outspent their rivals with signings such as Adam Idah (£8.5m) and Auston Trusty (£5m). Additionally, Jota rejoined the Hoops for £8m in the winter transfer window.
As Ferguson highlighted, Rangers have been in dire need of investment for some time, making the 49ers Enterprises’ takeover interest a potentially game-changing opportunity.
Supporters will now be hoping that the current shareholders do not obstruct a deal that could usher in a new era at Ibrox.
