Following the Rangers takeover agreement, the 49ers posted a straightforward social media message (Photo: Ric Tapia – Getty Images).
Following the completion of the Rangers takeover, the San Francisco 49ers released a brief message.
Rangers’ 51 percent ownership has been taken over by Andrew Cavenagh and 49ers Enterprises, the NFL team’s investment arm.
The Rangers chairman will be Cavenagh, while the vice-chairman will be Paraag Marathe, a significant player in 49ers Enterprises.
A brief statement was posted on the San Francisco 49ers’ social media pages following the deal’s confirmation.
The NFL team only stated, quoting the post that announced the takeover agreement: ”
According to a Rangers release, “Rangers Football Club is happy to announce that, with permission from the Scottish FA, a group of investors led by Andrew Cavenagh and 49ers Enterprises has acquired a majority stake in the club.
With an emphasis on long-term financial viability and on-field performance, the group will develop a new strategic vision for the club’s future.
The club’s current £20 million investment from the new leadership is contingent upon shareholder approval at the General Meeting on June 23, 2025.
“Cavenagh will be the chairman of the board. He is a business leader and healthcare expert. Paraag Marathe, who is the President of 49ers Enterprises, a sports investment company also run by San Francisco 49ers CEO Jed York, and who joins the Board as Vice Chairman, will be his close collaborator. Cavenagh and Marathe, who have led wildly successful companies and elite sports brands for decades, will be on the Board and will be in charge of every facet of the club in this new phase.
“Mark Taber, Andrew Clayton, and Gene Schneur will join Cavenagh and Marathe as new members of the Board, reflecting the club’s new leadership. George Taylor, John Halsted, Fraser Thornton, and Patrick Stewart will continue to serve on the Board. With great appreciation from the club for their services, Graeme Park, Julian Wolhardt, and Alastair Johnston are leaving the Board.
