Rangers name change made official after US takeover and the real impact of move from PLC to LTD is clear
The holding company of Rangers has officially changed it's name in the wake of the blockbuster US takeover.
The Scottish Premiership giants have traded as 'The Rangers International Football Club PLC' since November 2012.
However, the company will now be know as 'Rangers International Football Club Limited' as part of the new era under chairman Andrew Cavenagh and 49ers enterprises – led by vice chairman Paraag Marathe
The change was voted through at the club's upcoming Extraordinary General Meeting (EGM) which is scheduled for last month at the Doubletree Hilton in Glasgow after receiving the 75 per cent approval required to pass the motion.
That changes have now officially kicked in with the Companies House listing for the club changing - with a certificate of re-registration from Public Limited Company to private shared by the government.
Rangers have not been publicly listed on the stock exchange despite their PLC status over the last 13 years.
As they have become an LTD company, shares cannot be offered to the public which offers an added layer of control for the US consortium as they ramp up their overhaul of the club.
The changes are becoming clear on the pitch with new boss Russell Martin landing a transfer kitty with Max Aarons the first player in the door this summer.
The Bournemouth loanee is set to be followed by Joe Rothwell as he nears the end of his Cherries' contract - having spent last season on loan at 49ers owned Leeds United - with Conor Coady also on the agenda.
You can get all the news you need on our dedicated Rangers and Celtic pages, and sign up to our newsletters to make sure you never miss a beat throughout the season. We're also WhatsApp where we bring all the latest breaking news and transfer gossip directly to your phone. Join our Rangers community here and our Celtic community here.
Tune in to Hotline Live every Sunday to Thursday and have your say on the biggest issues in Scottish football and listen to Record Sport's newest podcast, Game On, every Friday for your sporting fix, all in bitesize chunks.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South Wales Argus
8 minutes ago
- South Wales Argus
‘Certain inevitability' to Grangemouth closure when Labour won power
Michael Shanks said the UK Government 'did not take any option off the table' when asked about whether Scotland's last oil refinery could have been nationalised. But he said the plant was 'far too far down the line' for the outcome to have been averted. The plant ceased crude oil processing in April, with its closure causing the loss of 430 jobs. Grangemouth stopped producing oil earlier this year (Andrew Milligan/PA) The SNP had previously called for the UK Government to nationalise the site, which its owners said was losing £385,000 a day. Appearing before the Scottish Affairs Committee in the Commons on Wednesday, Mr Shanks, who is the MP for Rutherglen and Hamilton West, said the Government is 'not in the business of nationalising failing businesses'. However, he also described Grangemouth currently as a 'hugely investable opportunity' for businesses. Prime Minister Sir Keir Starmer previously announced £200 million in funding for the future of the site, cash which he hopes to triple in private investment. That came after the Scottish Government had announced £25 million in funding, while both governments funded Project Willow – a £1.5 million report into future options to keep the plant open. We're questioning Energy Minister @MGShanks on the future of North Sea energy as part of our inquiry into GB Energy and the net zero transition. Watch live ⬇️ — Scottish Affairs Committee (@CommonsScotAffs) July 2, 2025 Asked about whether the UK Government considered bringing Grangemouth into public ownership, Mr Shanks told MPs: 'I think it is fair to say we didn't take any option off the table and we did look at a whole series of options. 'But firstly, the Government's not in the business of nationalising failing businesses. 'That is difficult to say, but it is the reality that a business that's losing tens of millions of pounds, it can't be nationalised with the public facing the cost of that. 'That's the same position we're in with the Prax Lindsey refinery (North Lincolnshire), and it's the same position with Grangemouth.' Mr Shanks said Labour 'moved every possible option forward' to do what it could to save the refinery, but added: 'The truth is, we were far too far down the line with the Grangemouth process to really change the outcome and as regrettable as that is, and it genuinely is, and I've met the workers on a number of occasions, I know how significant the impact is on them and their families, there was a certain inevitability about the outcome by the point in which we came into Government.'
Scottish Sun
13 minutes ago
- Scottish Sun
Rangers ‘in talks to sign £10million English Premier League centre-back' as Russell Martin eyes defensive reinforcements
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) RANGERS are in talks to sign a towering defender from the English Premier League, according to a report. The 6ft 4 centre-back could be heading to Ibrox just six months after sealing a bumper £10million switch to English football's top flight. Sign up for the Rangers newsletter Sign up 2 Nasser Djiga joined Wolves in Jnuary Credit: Getty 2 He moved to England in a £10m deal from Red Star Belgrade Credit: Getty The Gers have already added three new players this summer. Lyall Cameron, Max Aarons and Joe Rothwell have all signed-on to be a part of things at Ibrox in Russell Martin's first season in charge. They could soon be joined by Nasser Djiga. The 22-year old plays for Premier League outfit Wolves. Capped eight times by Burkina Faso, Djiga only joined the Midlands club in January. He made the move from Red Star Belgrade in a £10m deal on a contract until 2030. According to the Express & Star, Rangers are in talks with Wolves over a straight loan deal to take Djiga to Ibrox. There isn't expected to be an option for the Gers to by him as part of the agreement. Djiga had been a regular for Serbian giants Red Star during the first half of the campaign but found opportunities relatively hard to come by after moving to Wolves. He made just six appearances across league and cup after making his big move. Only two of those were from the start, with Djiga having to wait until the final game of the season to make his first Premier League appearance from the off. Keep up to date with ALL the latest news and transfers at the Scottish Sun football page
Rhyl Journal
22 minutes ago
- Rhyl Journal
‘Certain inevitability' to Grangemouth closure when Labour won power
Michael Shanks said the UK Government 'did not take any option off the table' when asked about whether Scotland's last oil refinery could have been nationalised. But he said the plant was 'far too far down the line' for the outcome to have been averted. The plant ceased crude oil processing in April, with its closure causing the loss of 430 jobs. The SNP had previously called for the UK Government to nationalise the site, which its owners said was losing £385,000 a day. Appearing before the Scottish Affairs Committee in the Commons on Wednesday, Mr Shanks, who is the MP for Rutherglen and Hamilton West, said the Government is 'not in the business of nationalising failing businesses'. However, he also described Grangemouth currently as a 'hugely investable opportunity' for businesses. Prime Minister Sir Keir Starmer previously announced £200 million in funding for the future of the site, cash which he hopes to triple in private investment. That came after the Scottish Government had announced £25 million in funding, while both governments funded Project Willow – a £1.5 million report into future options to keep the plant open. We're questioning Energy Minister @MGShanks on the future of North Sea energy as part of our inquiry into GB Energy and the net zero transition. Watch live ⬇️ — Scottish Affairs Committee (@CommonsScotAffs) July 2, 2025 Asked about whether the UK Government considered bringing Grangemouth into public ownership, Mr Shanks told MPs: 'I think it is fair to say we didn't take any option off the table and we did look at a whole series of options. 'But firstly, the Government's not in the business of nationalising failing businesses. 'That is difficult to say, but it is the reality that a business that's losing tens of millions of pounds, it can't be nationalised with the public facing the cost of that. 'That's the same position we're in with the Prax Lindsey refinery (North Lincolnshire), and it's the same position with Grangemouth.' Mr Shanks said Labour 'moved every possible option forward' to do what it could to save the refinery, but added: 'The truth is, we were far too far down the line with the Grangemouth process to really change the outcome and as regrettable as that is, and it genuinely is, and I've met the workers on a number of occasions, I know how significant the impact is on them and their families, there was a certain inevitability about the outcome by the point in which we came into Government.'
