Rangers confirm ongoing merger talks with American consortium, 49ers

Rangers FC have officially confirmed ongoing takeover talks with a US consortium led by healthcare tycoon Andrew Cavenagh and the San Francisco 49ers' investment arm, 49ers Enterprises, aiming to acquire at least 51% of the club's shares. The discussions, described as 'productive,' have been underway since late last year and are expected to result in a deal before the start of the new season. Both parties emphasized a shared commitment to Rangers' long-term ambitions and management, with the consortium planning to inject additional capital into the club. In a related development, Rangers are set to appoint Everton's Kevin Thelwell as their new sporting director, further strengthening the club's management team.