The San Francisco 49ers seem to be encountering some complications in their bid to take over Rangers.
Although the NFL franchise still aims to finalise the acquisition by the end of April, the process isn’t going entirely according to plan.
There’s also reported frustration on the Rangers side of the negotiations.
Paraag Marathe and Andrew Cavenagh are leading the American consortium’s efforts, but appear to be facing hurdles in their dealings with existing Rangers stakeholders.
Despite their confidence in completing the transaction within the month and their continued commitment, the Americans are reportedly finding it difficult to negotiate with certain directors who are preparing to sell their shares in the Ibrox club.
According to Daily Record journalist Keith Jackson on April 9: “The Americans still believe they’ll get it done by the end of the month. Scott Burns also noted that current Rangers directors and shareholders are becoming uneasy.
“I looked into it, spoke with a few people – and yes, there’s a clear sense of frustration building on both sides.
“The sellers are asking why funds haven’t yet been transferred, while the Americans are frustrated by resistance from some at the table.”
A preliminary payment may help calm Rangers shareholders
To keep the takeover on course for completion by the end of April, key developments need to take place in the coming weeks.
Marathe and Cavenagh must work to ease tensions by accelerating negotiations with directors and shareholders such as Dave King, Douglas Park, and George Taylor.
This includes reaching agreement on the valuation and terms for the 51% controlling stake, ensuring all parties feel it represents a fair deal.
Legal documentation is already underway but must be finalised and submitted for Scottish FA approval, particularly considering dual ownership concerns linked to Marathe’s involvement with Leeds United.
Issuing an initial payment or providing a firm financial assurance could help alleviate frustrations from sellers, who are growing impatient over the lack of progress.
Clear communication, a shared timeline, and quick decision-making will be vital for securing the final approvals and completing the deal before the month’s end.
