Keith Jackson has shared the latest update on the potential Rangers takeover, amid growing speculation that the deal with the San Francisco 49ers may have fallen through.
The Daily Record journalist, who first reported the advanced talks between the 49ers and the Ibrox club, now says that while no official agreement has been finalised, the deal is still very much alive—just caught up in legal formalities.
Rangers takeover could still be completed by late April
According to Jackson, the transaction has now entered a complex legal phase, where the finer details are being ironed out. Despite rumours suggesting the deal may have collapsed, he insists that all parties remain committed to making it happen.
A representative from the 49ers’ group is expected to attend Thursday night’s Europa League quarter-final against Athletic Bilbao at Ibrox, indicating continued interest from the American consortium.
“It’s gone down a legal rabbit hole and will stay there until all the final boxes are ticked,” said Jackson.
“There are always rumours that things like this have collapsed or won’t go through—but that contradicts everything I’ve heard.
“From what I’m told, everyone involved still wants to get this wrapped up, and the aim is for it to be done before the end of April.
“We should know more within the next couple of weeks, and I fully expect the 49ers group to be represented at Ibrox again on Thursday.”
Rangers supporters urged to stay patient amid takeover progress
While it may seem like progress has stalled, Rangers fans are encouraged to be patient. The proposed buyout is a complicated process involving detailed legal and financial evaluations.
After reaching a verbal agreement in March, the consortium began due diligence—scrutinising Rangers’ finances, including the £17.2 million loss in 2024, and the club’s complex ownership structure.
Legal paperwork is now being drafted, with added complications such as Scottish FA rules around dual ownership—relevant because the 49ers also have a stake in Leeds United. This may require approval or structuring the investment through a separate entity.
The deal must also comply with UEFA rules, particularly if European competition overlaps are involved. Shareholder approval and changes to the club’s boardroom also remain key parts of the process.
While a definitive timeline is hard to pin down, signs point to ongoing momentum. With representatives of the American group due back in Glasgow this week, the takeover is still very much on track—though fans may need to wait until the end of April for official confirmation.
