US EditionRangers takeover state-of-play as key figure reveals timeline for deal and plan to redress balance with Celtic
- Dave King, Rangers' largest shareholder with a 13% stake, said an American consortium led by Andrew Cavenagh and 49ers Enterprises is close to taking control mid-June 2025.
- King has negotiated with Cavenagh and the 49ers since late 2024, noting negotiations faced uncertain moments but are now over 90% complete in legal and approval processes.
- King stressed the new owners must act swiftly to appoint a permanent manager and prepare for upcoming Champions League qualifiers amid current interim leadership.
- King indicated there is a very high likelihood the takeover will proceed, though he is unaware of the managerial appointment and anticipates the new leadership will not be established before mid-June.
- The deal implies significant financial backing to address competitive gaps with rivals Celtic and aims to stabilize Rangers’ operational and sporting future.
9 Articles
9 Articles
King: “I see this as a bit of a legacy issue for me, if I might sound that grand”. The glib and shameless liar takes the BS to the next level, as he sells crazy about catching Celtic & still clinging to 55
6:12 PM May 7, 2025: Dave King has been wheeled out again in the Record to self-aggrandise and sell his bullshit to the world about how his bit of a “legacy issue” is going to catch Celtic and make Ibrox all powerful again. Holy shit, this man doesn’t half love himself, does he? I’ve read a lot of self-aggrandisement in...
Former chairman Dave King confident Rangers will be under new ownership by June - PLZ Soccer
Dave King believes a lack of emotional attachment from Rangers’ impending new owners is a positive as he predicted their takeover will be completed in June. The South Africa-based businessman and former Light Blues chairman is the club’s single largest shareholder with a 13 per cent stake. Having been involved in negotiations with American businessman Andrew Cavenagh and the 49ers Enterprises since late 2024, King expects their bid to take contr…
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