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While Glasgow Rangers look set to end another campaign without lifting silverware, brighter days could lie ahead, with the club reportedly holding “productive talks” with 49ers Enterprises about a transformative investment.
The American consortium, led by Andrew Cavenagh, is expected to finalize a deal that will see them acquire a 51% controlling stake ahead of the 2025/26 season. This new injection of backing could open the door to greater spending flexibility and ambitious squad building, with the clear goal of dethroning Celtic and restoring Rangers’ domestic dominance. Improving their performances in Europe will also be a major expectation from the Ibrox faithful.
Though the summer transfer window is still weeks away, Rangers are already making early moves to bolster the squad, signaling the start of a new era.
After securing Dundee midfielder Lyall Cameron on a pre-contract, the Light Blues appear to be targeting another rising talent from the same club.
### Rangers Target Josh Mulligan in Potential First 49ers-Era Signing
According to Rangers Review journalist Joshua Barrie, Rangers are closing in on Dundee’s Josh Mulligan, a versatile 22-year-old whose contract is set to expire this summer.
Taking to X, Barrie reported:
> “Rangers are interested in Dundee’s Josh Mulligan. 22-yo is out of contract at Dens this summer and on the club’s radar. Capable of playing at full-back or in midfield. Mulligan’s viewed as a player with strong physical attributes and potential.”
Mulligan represents the type of shrewd, low-cost signing that fits the club’s new pragmatic strategy. Acquiring him on a free could offer major upside if he adapts to life at Ibrox. It’s exactly the kind of early, efficient business that could set the tone for the 49ers’ leadership.
Although primarily deployed as a right-sided midfielder this season for Dundee, there is speculation that Mulligan could transition to a right-back role at Rangers—a development that could have major ramifications for the future of club captain James Tavernier.
### James Tavernier: Nearing the End of a Glorious Rangers Chapter?
Tavernier’s career in Scotland has been nothing short of legendary. With a staggering 130 goals and 141 assists in 508 appearances, he’s redefined what a right-back can achieve offensively. His contributions during the club’s 2021/22 Europa League run—particularly his goals against Borussia Dortmund, Braga, and RB Leipzig—cemented his place in Rangers folklore.
However, age may be catching up with the 33-year-old. This season, Tavernier’s output has dipped considerably, with just five goals and 12 assists across 48 games—far below the levels he once consistently produced.
His missed penalty against Queen’s Park in the Scottish Cup symbolized his waning influence, and with only one year remaining on his contract, the club faces a decision: cash in now or risk losing him for free in 2026.
If Mulligan does arrive, it could pave the way for Tavernier’s graceful exit while securing a fee to reinvest into the squad.
### Why Josh Mulligan Fits Rangers’ New Vision
Mulligan’s numbers this season for Dundee are encouraging given the team’s struggles. Five assists across 36 appearances show tangible end product, while his broader stats underline his versatility:
– 8 big chances created
– 1 key pass per match
– 1 successful dribble per game
– 5 duels won per match
– 1.8 tackles and 0.6 interceptions per game
He has also earned 14 caps for Scotland’s U21 side, with analysts predicting senior international honors in his future. As Kai Watson put it:
> “An aggressive, high-energy wingback/CM that’s consistently improving technically and in the final third. Future Scotland international for me.”
Mulligan is seen as a player on an upward trajectory, and a move to a bigger stage could accelerate his growth.
### What Lies Ahead for Rangers?
Signing Mulligan could mark the beginning of a more dynamic, youth-driven rebuild at Ibrox under 49ers Enterprises. Whether Tavernier stays for one more season or departs this summer remains to be seen, but what’s clear is that sentimentality won’t factor into Rangers’ squad decisions moving forward.
The 49ers seem determined to make bold moves in shaping a squad capable of ending Celtic’s dominance—and Mulligan could be the first big statement of intent.
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