Leeds United’s powerhouse owners The 49ers Sports Ventures and chairman Paraag Marathe are closing in on a jaw-dropping move into Scottish football, with a takeover of Rangers reportedly 90% complete.
After impressing at Elland Road since 2023, Marathe has quietly pencilled in Ibrox as the next jewel in the 49ers’ sporting crown. Sources suggest that lengthy talks with Andrew Kavanagh have finally broken through the final barriers to entry.
In my view, this deal could redefine the Old Firm rivalry and shift power dynamics north of the border. If the 49ers can replicate their premium-league savvy in Glasgow, we may be witnessing the dawn of a new era in Scottish football.
Former Rangers chairman Dave King drops bombshell on 49ers takeover
Speaking to talkSPORT this week, Dave King revealed that the highly anticipated sale of Rangers to the 49ers and Andrew Kavanagh stands at a 90% probability of completion. “These talks have been on and off for six months,” King admitted, “but right now I’d put it above 90%.”
King also hinted that all major conditions have been satisfied and expects the transaction to close by mid-June. With Philippe Clement already departed and Barry Ferguson acting as interim boss, a fresh investment blueprint appears imminent at Ibrox.
From an editorial standpoint, King’s confidence is a bullish sign for Rangers fans desperate for stability. The 49ers’ proven track record in American sport could bring a level of financial muscle and operational expertise previously unseen in this league.
Why Paraag Marathe and The 49ers are targeting Rangers
Aside from Rangers’ storied history mirroring that of Leeds United, two critical factors have drawn the 49ers north: a massive, loyal fanbase and almost guaranteed European football. A runner-up finish in Scotland virtually ensures a return to the Champions League qualifiers.
Financially, Rangers represent a compelling proposition. With TV revenues on the rise and a global support network, Marathe can leverage his Premier League dealings to amplify sponsorship and merchandising streams at Ibrox.
In my opinion, this venture is as strategic as it is ambitious. Balancing Leeds’ fight for survival in the Premier League with a takeover in Glasgow won’t be easy, but if successful, the 49ers will have established a transatlantic sporting empire few could rival.
