Rangers complete paperwork as five new arrivals head in
Rangers have officially confirmed three departures and the appointment of five new directors, sources have told Football Insider.
As per Companies House submissions on 5 and 6 June, Graeme Park, Julian Wolhaardt and Alastair Johnston have all seen their roles as directors officially terminated at Ibrox.
Meanwhile, Paraag Marathe, Andrew Cavenagh, Mark Taber, Eugene Schneur and Andrew Clayton have all been appointed to the Rangers board.
It comes after the Scottish giants announced on 30 May the US consortium has now completed its takeover after receiving the approval of the Scottish FA.
The ownership group is spearheaded by health insurance tycoon Cavenagh and Leeds United chairman Marathe, who is the president of 49ers Enterprises – the investment arm of NFL franchise the San Francisco 49ers.
Patrick Stewart, Fraser Thornton, John Halsted and George Taylor will all remain on the Rangers board alongside the new arrivals.
Rangers owners well placed to agree deals
Football Insider revealed on 4 June Rangers’ owners are well placed to agree new commercial deals after completing their takeover at Ibrox.
The group will look to use their network of contacts to source new deals, with various high-profile figures invested in 49ers Enterprises.
Rangers posted a record-breaking revenue in 2023-24 after their turnover increased from £83.8million in 2022-23 to £88.3million.
The club’s commercial income improved slightly from £19.2million to £20.5million across the same period.
Rangers transfer plan revealed after £20m news
Football Insider revealed on 2 June Rangers’ owners are expected to make big transfer funds available this summer.
It has been confirmed the ownership group has committed to invest an initial £20million into the club.
Russell Martin has been appointed as the Glasgow side’s new head coach as he looks to improve matters on the pitch at Ibrox.
The 39-year-old previously managed MK Dons, Swansea City and Southampton, who he earned promotion with to the Premier League before his departure from St Mary’s last December.
Rangers failed to win a trophy in the latest campaign as they finished 17 points behind Old Firm rivals Celtic in the Scottish Premiership table.
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