Overview

• The consortium secured a 51 percent controlling stake in Rangers after Scottish FA approval on May 30, ending months of negotiations.
• Andrew Cavenagh assumes the chairmanship with Paraag Marathe as vice-chairman and three additional US-based directors joining the board.
• Investors have pledged £20 million mainly for player recruitment through a rights issue requiring shareholder approval at the June 23 EGM.
• Rangers will transition from a public limited company to private ownership pending the upcoming vote.
• Kevin Thelwell starts as sporting director and Davide Ancelotti is reported as the front-runner to become the next manager.