
New Rangers chiefs address fans as they outline plans for club's future
The new era at Rangers has been officially confirmed.
The American consortium of investors, led by Andrew Cavenagh and 49ers Enterprises, has addressed supporters for the first time, outlining their vision for the club's future.
Their ambitions are clear: to win domestic silverware and establish Rangers as a competitive force in European football, reports the Daily Record.
Appointing a new manager is the group's top priority. They confirmed that the recruitment process is already well advanced, and they hope to provide further updates on the search for Philippe Clement's permanent successor in the near future.
As part of the open letter to supporters, new chairman and vice chairman Andrew Cavenagh and Paraag Marathe have thanked the previous board and told fans the three things they've felt that set Rangers apart as a club.
It reads: "Dear Rangers supporters. We are proud to be entering a new chapter for this extraordinary club.
"This moment is the result of months of thoughtful discussions with club leadership and our shared confidence in Rangers' success going forward. To that end we'd like to tell you a bit about our thinking.
"Simply put – our goal is to win trophies in Scotland and be able to compete at a high level in Europe, while laying a foundation of financial sustainability for the future.
"As our first step, we are investing fresh capital into Rangers, which will be strategically deployed on and off the pitch. While we recognise the importance of resources, we believe that thoughtful, disciplined investment, guided by a clear strategy, is the path to enduring success.
"Every decision, whether sporting or business, will be made with the club's long-term success and sustainability in mind.
"We aim to leverage the full strength of 49ers Enterprises' sporting expertise and operational experience, and are confident in Patrick Stewart and Kevin Thelwell to lead this next phase.
"Our first priority together is clear: hiring a new men's head coach. That process is already well underway, and we look forward to sharing more updates soon. We will also look to invest in talent for our teams.
"Moving forward, we are reconstituting the board to bring in a few new voices and skill sets. We all owe a special thanks to the previous board for their service.
"They stepped up in a difficult moment when the club needed them and laid the foundation for what comes next.
"Above all, we know that true success comes from understanding and honouring what makes this club special.
"In our time getting to know Ibrox, Glasgow, and you, we've felt the pride, history, and passion that set Rangers apart.
"You have made it clear what this club means to you, and we take the responsibility of leading this club seriously.
"We look forward to seeing you at Ibrox soon. For now, we'll keep working, and we can't wait for what's ahead."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Irish Independent
an hour ago
- Irish Independent
Takeover battle looms at Ireland's largest hotel operator
The offer of €6.05 per share by Pandox and Eiendomsspar represents a premium of just over 27pc on the €4.76 closing price of March 5, the last trading day before Dalata announced it was launching a strategic review, with one option being a sale. It is a 14pc premium to the three-month average price of €5.32 per share. Russ Mould, an analyst with AJ Bell, said: 'The big unknown is whether their proposed bid is enough to seal the deal and whether another party makes a higher offer. The consortium's 27.1pc bid premium is below the 36pc average on UK-listed takeovers so far this year. That leaves scope for someone else to come along and offer slightly more.' A number of American investment firms have already submitted bids for Dalata, according to reports by Green Street, a property news website. They are said to include Bain, Apollo and Starwood, which already owns 2.7pc of Dalata through an affiliate. The board of Dalata has hired Rothschild, an investment bank, to carry out the strategic review. The consortium said it has not participated in that process and formulated its proposal independently. Dalata is listed in Dublin and London, and its share price was boosted by the announcement of the bid. It was up over 8pc in London, to £5.10, and by over 5pc on Euronext in Dublin, reaching €6.07 at lunchtime. Eiendomsspar, one of the largest property owners in Norway, with its portfolio including 11 hotels, already has an 8.8pc stake in Dalata. It controls 36pc of the shares in Pandox, a Swedish firm that owns 163 hotels across 11 countries in Europe, with about 36,000 rooms. Based in Stockholm, Pandox develops and then leases hotels to operators under long-term deals. Its hotels in Ireland operate under the Leonardo brand. 'As established hotel investors with deep knowledge of the European hotel sector and experience in successfully executing similar transactions in the UK and Ireland, the consortium is well positioned to support Dalata's business and long-term growth ambitions,' it said in an announcement to the stock exchange. 'The consortium is currently negotiating with a reputable European hotel operator to enter into a framework agreement for the operation of the Dalata hotels if the consortium acquires Dalata. This operator shares the consortium's commitment to long-term profitability and sustainable growth.' ADVERTISEMENT Learn more Under takeover rules, the consortium has until July 15 to either announce a binding intention to make a bid for Dalata, or to pull out. Dalata, whose chief executive is Dermot Crowley and which was established in 2007, has a portfolio of 55 hotels in Ireland and Britain, both owned and leased, operating under the Maldron and Clayton brands. Its portfolio has grown by a third over the last four years, and it has declared an aim of having 21,000 rooms by 2030. In April, the company said it had done a deal with a Spanish real estate firm to lease to develop a Clayton hotel in Madrid. The share price was bumping along around the €4 mark for much of last year, leading its board to conclude that this did not reflect the asset base, performance, cash generation and growth prospects of the business. After the announcement of the strategic review, analysts at Jeffries said the external valuation on the estate of hotels was €1.64bn but adding in earnings from its leased estate, and its pipeline, the value could jump to 'at least €2bn'. Apart from Eiendomsppar, other prominent shareholders in Dalata include the Saudi conglomerate Zahid Group and the British hedge fund Helikon Investments, which has a stake of over 17pc. Barry English, founder of Winthrop Technologies, has built up a share of over 1pc in Dalata, but this is thought to be a value play rather than a signal of interest in purchasing, although he already owns Mount Juliet, the Johnstown Estate Hotel and Trim Castle Hotel.


The Irish Sun
an hour ago
- The Irish Sun
Aer Lingus launch new flight sale with prices from €192 to top holiday spots including New York, Orlando and Boston
AER Lingus bosses have launched a new flight sale with trips to dream American destinations from just €192 - but jetsetters need to act fast. Holidaymakers can choose from New York, Boston, Orlando, Chicago and many more with these amazing deals. 7 Aer Lingus has launched an American flight sale Credit: John Allen 7 Flight prices have been slashed on top American hotspots Credit: Getty Images - Getty 7 Choose from Boston, New York, Orlando and even Nashville with the latest sale Credit: Getty Images - Getty The popular Visit the city that never sleeps from Dublin airport this year as flights to New York are just €194.44. Explore the busy city of Chicago with flights from Dublin at €206.44 in September. READ MORE IN TRAVEL Choose from the wide range of theme parks and amusements in Florida this summer with Aer Lingus. With flights to Orlando from just €282.40 in September, have fun for all the family with hot spots like Disney World and Universal Studios. Taste some of the best pizza in the world or see a live baseball game in action in Chicago this year. With flights from just €206.44 from Dublin, you could tick the infamous Bean (Cloud Gate) off your bucket list this summer. Most read in The Irish Sun Country music fans are set to love the latest Nashville flight in September for just €294.91. And any I'm an Irish holidaymaker and I upgraded to Aer Lingus' business class for FREE Shannon Airport is supplying holiday-goers with the chance to go to America too with two popular routes on offer. Fly to New York JFK for just €194.21 from the 16 September. Or visit the stunning city of Boston with flights from €234.21. Meanwhile holidaymakers are set to love the newest route launched by Aer Lingus just in time for summer. Passengers can now book a holiday to , with direct flights from Dublin Aiport. It will run from January 6, 2026 until April 29 without needing to stop over on the way. According to the , fares to the "paradise" destination start from just €291 each way and will operate three times a week . 7 Fly from either Shannon or Dublin airport this September Credit: GETTY 7 Find fun for all the family with flights to Orlando from €282.40 Credit: GETTY 7 Aer Lingus unveiled direct flights from Dublin to Cancún Credit: Aer Lingus 7 Ireland's first direct flight from Dublin to Cancun is starting in January 2026 Credit: Naoise Culhane


Irish Examiner
2 hours ago
- Irish Examiner
Meghan Markle to ‘pause' restocking her jam and herbal teas until completely ready
Meghan Markle has decided to 'just pause' restocking her As Ever brand, saying she wants to wait until it is 'completely stable and we have everything we need' after previously selling out of products in less than an hour. Meghan told of the difficulties of building her firm and 'how many tears' she has shed behind the scenes, on a bonus episode of her podcast featuring Beyonce's mother Tina Knowles. She also expressed her dream of launching a future business with daughter Princess Lilibet, after talking to Knowles about the Cecred haircare line she started with Beyonce. The Duke and Duchess of Sussex with Beyonce and Jay-Z at the European Premiere of Disney's The Lion King in 2019 (Niklas Halle'n/PA) 'I wonder if one day I'll be in business with Lily and we'll be building something,' the duchess said, with Knowles adding: 'That's the best.' Markle said of the April launch of her As Ever products including jam and herbal tea that the 'scarcity mentality at the beginning might be a hook for people', comparing it to 'a sneaker drop'. But she feared it might be 'annoying' for customers, adding: 'I don't want you to eat that jam once every six months. I want that to be on your shelf all the time.' Markle said: 'So for me at the moment, with As Ever, it was great. We planned for a year we get and then everything sells out in 45 minutes. 'Yes, amazing, great news. Then what do you do? And then you say 'Ok, we planned as best as we could. Are we going to replenish and sell out again in an hour? Or is that annoying as a customer? 'I'm looking at it saying 'Just pause. That happened. Let's wait until we are completely stable and we have everything we need'.' She added how people 'see all the flashy stuff and they see the product. But that end game… those behind the scenes moments, how many tears I've shed'. Beyonce takes the applause with her mother Tina Knowles following their House of Dereon Catwalk Show at Selfridges in 2011 (Gareth Fuller/PA) Knowles chatted to Markle about how pop superstar Beyonce could have been a hairdresser after growing up watching her mother work in a salon. The pair discussed the singer using wigs on stage, with Markle revealing she was advised by other actresses to start wearing them while working on Suits but she chose not to do so. Knowles said: 'She's on a stage with hot lights and she wears wigs a lot, and she's managed to keep her hair beautiful and healthy and that's not an easy task when you're in showbiz.' Beyonce and Meghan hug at the Lion King premiere (Niklas Halle'n/PA Markle replied: 'That is a testament. I mean, even on Suits, I was on Suits for seven years, and I remember so many other actresses, especially if you're in that grind, they said 'You are going to fry your hair', and everyone was recommending that I should start wearing wigs. 'I never ended up doing it. By the way, if I was in that industry longer, I understand why you need to protect your hair in that way.' The pair also discussed mutual friend Hollywood mogul Tyler Perry, who gave Markle and her husband, Britain's Prince Harry, use of his LA home as a base when they first moved to the US in 2020, with Knowles saying: 'Tyler talks about you all… He loves you.' Markle described him as 'the most extraordinary soundboard'. She said she 'loved seeing Yvette there' – seemingly referring to Beyonce's publicist Yvette Noel-Schure – and said: 'I wrote her a letter after I went to B's concert a couple of years ago. She said the kindest things and I just wanted her to know how much it meant to me.' The podcast was recorded before she and Harry had a night out at Beyonce's Cowboy Carter tour, with Knowles describing how the star was 'on fire' and telling Markle 'Y'all gotta come'. Markle, who said she had been trying to decide which date to attend, replied: 'Oh my gosh. I can't wait.' Last month, she shared pictures of herself and Harry at one of the shows in LA, writing on Instagram: 'About last night… Thank you @beyonce and team for an amazing concert (and a very fun date night)! All love.' Markle first publicly met Beyonce and her husband Jay-Z in London at the premiere of Disney's 2019 remake of The Lion King, which featured the singer's music and her voice as the character Nala. In their Netflix documentary, Meghan was shown reading a message from Beyonce which praised her 'bravery and vulnerability' and told her she 'was selected to break generational curses that need to be healed'. Read More Sophie Habboo and Jamie Laing reveal pregnancy news