Paraag Marathe and Andrew Cavenagh are steadily advancing toward sealing their acquisition of Rangers, with the backing of 49ers Enterprises signaling a significant shift on the horizon.
Reports suggest the American contingent could secure legal clearance as early as the end of April, paving the way for an official announcement of the ownership transition.
At Ibrox, preparations are underway for a fresh chapter, with Barry Ferguson currently steering the ship as interim manager while the club awaits clarity on a long-term appointment.
The prospect of this monumental takeover is generating buzz around Rangers.
Finance expert Dan Plumley has weighed in, noting that legal approval by April’s end would mark a surprisingly swift resolution.
Speaking exclusively to Ibrox News, he described it as “huge news” for the club. Plumley highlighted that, compared to the typical timeline for such deals, this pace is unexpected.
“It’s probably quicker than I would have anticipated a few weeks ago,” he remarked. “If they reach that point by April, it’s a remarkably fast turnaround for a takeover of this scale. We’ll have to see how it plays out, but the momentum seems strong and largely positive.
It appears all parties are eager to finalize this, and it looks increasingly likely to go through. Clearing that legal hurdle by the end of April would be a massive step forward for Rangers.”
Meanwhile, Marathe and Cavenagh are pressing ahead with their plans. With Leeds United, where Marathe also holds a key role, just seven matches from potentially clinching Premier League promotion despite a recent dip in form, the 49ers chief faces a hectic period.
Cavenagh, alongside his team, seems to be driving the Rangers deal forward, even as Marathe juggles commitments elsewhere.
The pieces are finally falling into place, and wrapping up the takeover before summer could set the stage for a transformative overhaul—spanning transfers, a permanent managerial appointment, and a much-needed tidy-up of the boardroom. Excitement is building among Rangers supporters as the prospect of a new era draws closer.