Home » Rangers Finance: Transfer Budget, Boardroom Plans & 49ers Enterprises Strategy

Rangers Finance: Transfer Budget, Boardroom Plans & 49ers Enterprises Strategy

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Last Updated: April 9, 2026 | 10:30 BST

Andrew Cavenagh looking unimpressed alongside Danny Rohl looking concerned
Credit: Imago
49ERS ENTERPRISE WATCH:

RANGERS FINANCE:
Transfer Budget, Boardroom & 49ers Enterprise Updates

Rangers reported a transformative £94.1million revenue for the 2024-25 financial year, marking a seven per cent increase and shattering the club’s previous turnover record. This financial surge follows the landmark May 2025 takeover by a US-based consortium led by 49ers Enterprises and healthcare tycoon Andrew Cavenagh, who secured a 51 per cent majority stake via Rangers FC LLC. The deal, which initially installed Paraag Marathe as vice-chairman before his departure in February 2026, was underpinned by an immediate £20m capital injection. The hope is now the board can fund an aggressive 2026 summer transfer budget for head coach Danny Rohl.

Rangers Financial Status

Financial MetricVerified FigureStatus
Total Turnover (24/25)£94.1mRECORD HIGH
Takeover Capital Injection£20m49ers BACKED
Closing Cash Balance£30.5mSTRENGTHENED
Pre-Player Trading Profit£2.7mSUSTAINABLE

Figures based on official 2024/25 Rangers FC annual reports and the May 2025 49ers Enterprises/Cavenagh majority takeover deal.

While the latest 2024/25 accounts showed a £14.8m net loss due to player amortisation, the club achieved a rare £2.7m pre-player trading profit. With a £30.5m closing cash balance and several major player sales set to be realised in the 2025-26 accounts, the Light Blues are positioned to leverage the 49ers’ sporting expertise to challenge Celtic and establish a permanent presence in elite European competition.

It was announced in April 2026 that Rangers are looking to raise another £16m in the form of a share issue, while Football Insider expert Keith Wyness says fans will have to contribute to further investment in the form of increased ticket prices.

Who are the key Rangers boardroom and background figures?

There has been a great deal of upheaval in the Rangers boardroom and technical teams over the past year. Beyond Andrew Cavenagh there is a whole technical structure working to help build the Gers back towards being the most dominant side in Scotland and being top dogs in the Scottish Premiership.

Below is a list of all the key names working behind-the-scenes to make things tick at Ibrox.

Strategic Board

Ownership
Andrew Cavenagh
Chairman
Leading the 49ers-backed consortium. Focused on long-term capital investment and global commercial growth.
Executive
Fraser Thornton
Acting CEO / Director
Providing operational leadership during the executive transition; overseeing SPFL board relations.
Strategic
John Halsted
Non-Executive Director
American investor with 30+ years of private equity experience, supporting Ibrox’s financial stability.

Football Operations

Technical
Dan Purdy
Technical Director
Appointed June 2025 from Everton. Overseeing data-driven squad development and footballing philosophy.
Recruitment
Robbie Thelwell
Head of Recruitment
Joined from Norwich City to modernize scouting networks and talent identification pathways.
Performance
Jamie Ramsden
Head of Performance
Promoted to oversee elite sports science, medical, and player physical conditioning.

Executive Leadership

Operations
Jim Liggett
Chief Operations Officer
Managing club infrastructure, matchday safety, and stadium operations at Ibrox.
Commercial
Greig Mailer
Chief Marketing Officer
Driving global brand strategy and fan engagement initiatives across digital platforms.
Rangers FC Corporate Directory • Data verified March 2026
Live data by Scoreaxis
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