49ers Expand Sporting Empire to Buy Scotland's Rangers FC
Rangers Football Club, one of two giants in Scottish football, has been bought out by an American consortium of 49ers Enterprises and health entrepreneur Andrew Cavenagh.
Rangers, who have been lagging behind fierce rivals Celtic FC in recent years, will benefit from an immediate cash injection of £20 million ($27 million), subject to shareholder approval at the club's general meeting on June 23, according to a club statement.
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