Latest news with #RangersFC
Daily Mirror
2 days ago
- Business
- Daily Mirror
Rangers to officially change name after takeover by US consortium completed
After the club were taken over by a US led consortium, Rangers are set to undergo a name-change, in a move which is provoking a lot of curiosity The parent company of Rangers FC is looking to rebrand following their acquisition of the club. The takeover of the Scottish giants by the US led consortium was officially completed on May 30. The takeover group, that is led by healthcare tycoon Andrew Cavenagh, purchased a 51 per cent controlling stake at the Glasgow giants, after the Scottish FA approved the move. The new owners are overseeing a transition from a public to a private company, pending shareholder approval later this month. Since November 2012, the Ibrox team has been known as 'The Rangers International Football Club PLC', but will now trade under the name 'Rangers International Football Club Limited'. This change ushers in a new era under chairman Cavenagh and 49ers enterprises, led by vice-chairman Paraag Marathe. The proposed shift will be put to a vote at the club's forthcoming Extraordinary General Meeting (EGM), set for June 23 at Glasgow's Doubletree Hilton. To pass, the name change requires a 75 per cent approval rate. Despite their PLC status, Rangers were not publicly listed on the stock exchange. The transition to an LTD ensures shares cannot be offered to the public, providing an additional level of control for the new leadership, reports the Daily Record. The EGM will cover the move to the LTD company, informing shareholders about what they are voting on. Friday's big announcement covered the ordinary resolutions. This includes the allotment of nominal shares, a price that has been set in recent years for directors investing in Ibrox. The club is entering a new era with nine appointments to the revamped board, spearheaded by Cavenagh and Marathe. Patrick Stewart, Eugene Schneur, Andrew Clayton, Mark Taber, Fraser Thornton, John Halsted and George Taylor are the other seven who will play pivotal roles. In an open letter to the Rangers supporters, Cavenagh and Marathe said: "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." Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
Spectator
3 days ago
- Politics
- Spectator
Can Scotland learn to love Farage?
There's not much that's green in Larkhall, Scotland. So staunchly Protestant unionist is the ex-mining town in South Lanarkshire that it has scrubbed itself of anything associated with Irish Catholicism. The local Subway franchise has grey panelling on its front, and local pharmacies have opted for blue signage. The 15,000-strong area has one football team: Rangers FC. Go deeper into Larkhall's suburbia and you'll find Union Jacks on flagpoles interspersed with those bearing the Red Hand of Ulster. Kerbstones have been painted in the colours of the British flag while rumours abound of youths trying to set fire to the grass. 'In our schools, the wains aren't taught that traffic lights are red, amber and green,' one resident chuckled proudly. 'It's red, white and blue.' He was not joking. Some unsuspecting emerald lights were subjected to £17,000 worth of damage many years ago, and they remain boxed off by wire mesh to this day. It is in this town, as well as in neighbouring Stonehouse and Hamilton, that voters will head to the polls on Thursday 5 June to choose their representative in the Scottish Parliament, following the passing of SNP incumbent Christina McKelvie in March.
Bloomberg
3 days ago
- Business
- Bloomberg
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.
BBC News
25-05-2025
- Sport
- BBC News
Rangers defend Scottish Cup title against Glasgow City
Kirsty Howat scored twice as Rangers defended their Scottish Cup title and earned successive cup doubles as they overwhelmed Glasgow City to end their season on a fans, Glasgow City fans, and everyone else, we want to hear from you after that final. Where did it go wrong for City? Just how dominant were Rangers?Give us your views on the cup final here.
BBC News
21-05-2025
- Sport
- BBC News
'We can't sulk' - cup final offers remedy for Rangers
Head coach Jo Potter says having the Women's Scottish Cup to look forward has saved Rangers from "an horrendous week."Her team face Glasgow City at Hampden on Sunday seven days after a defeat to Hibernian at Ibrox – in what was effectively a SWPL title-decider."We can't sulk," said Potter. "If we didn't have had a cup final, this week would have been horrendous for us. You come off the back of a massive loss at the weekend. You come crashing down."Potter believes Rangers can "bounce back" from the failure to beat Hibs, which meant her side finished third in the league and missed out on European football for next season."We've got to change the mindset very quickly," she added. "We've got to make sure that we're changing our focus onto another game."There was a big trophy on the line Sunday and we didn't manage to turn up and get that one over the line. But we've got another chance again this week."A win over City would complete a cup double for Rangers, following their Sky Sports Cup final win over Hibs earlier in the says although winning a treble was the aim, securing a double would make it a successful season."If we'd have won a treble, I'd have said that would have been unreal," she explained. "We can't make up for what happened in the league. We don't shy away from that. But we've got to put a few things right. "We've got to make sure that we're proud of our performances. We've not been proud of a lot of performances that we've put on throughout this season. And it hasn't been good enough ultimately."We've got a chance to put it right. And when there's a trophy on the line, you've got to do all you can."
