49ers Enterprises Close In on First Rangers Signing After Takeover Is Finalised
New Ownership Era Begins at Ibrox
Rangers have officially entered a new chapter after a consortium led by Andrew Cavenagh — backed by 49ers Enterprises — completed its takeover of the club.
According to the club’s announcement, the investment group has committed £20 million, pending final shareholder approval.
Paraag Marathe of 49ers Enterprises expressed excitement about the long-term project at Ibrox, emphasising the group’s dedication to both football success and community engagement.
“Our goal is to build something meaningful that fans can take pride in for years to come,” Marathe said.
Cavenagh echoed the sentiment, stressing that Rangers’ proud history must now be matched by higher standards and consistent results.
Managerial Search Underway
With the takeover finalised, the club’s immediate priority is appointing a new manager.
Speculation has linked Davide Ancelotti to the role, though no final decision has been made.
The board is expected to accelerate the recruitment process in the coming days to prepare for next season.
49ers Target Almamy Toure as First Signing
While the managerial search continues, the new hierarchy is already pushing forward with transfer plans.
Reports from Africa Foot, via Sport Witness, indicate Rangers are making strong progress toward signing Almamy Toure, the 29-year-old Mali international defender who is leaving Kaiserslautern on a free transfer.
Toure is also attracting interest from:
- Genoa (Serie A)
- Trabzonspor (Turkey)
- Philadelphia Union (MLS)
Securing him would mark the first transfer of the new ownership era — and a statement of intent.
Why Toure Fits the New Project
Toure’s profile aligns with the club’s strategy:
- Experienced at international and club level
- Available on a free, ideal under tight financial rules
- Physically strong, versatile, and capable of leading the back line
- Provides an immediate upgrade ahead of next season’s push for silverware
His arrival would give the incoming manager a reliable defensive foundation as Rangers aim to close the gap on Celtic.
A Rebuilding Summer Ahead
With new investment, a managerial search, and early transfer targets identified, the 49ers Enterprises era has started with urgency and intent.
The coming weeks promise to be pivotal as Rangers attempt to reshape the squad and build a competitive team capable of reclaiming domestic dominance.
