In a significant development for Scottish football, a US-based consortium led by private healthcare tycoon Andrew Cavenagh and including the investment arm of the San Francisco 49ers has acquired a 51% stake in Rangers. The new board, which also includes football finance expert Kieran Maguire's warnings of a limited budget, is expected to bring an end to the interim management of Barry Ferguson, paving the way for a new head coach to be appointed soon. While the exact investment amount has not been disclosed, it is expected to significantly bolster the club's transfer budget, albeit not enough to close the financial gap with Celtic, who have dominated the Scottish Premiership in recent years. Kevin Thelwell, formerly of Everton, has been appointed Sporting Director, and the new board has already held talks with Russell Martin and Davide Ancelotti for the head coach position. Fans react with a mix of optimism and caution, with some expressing disappointment over the £20m investment and the potential impact of American ownership on the structure of UK football.
Source: BBC Sports Football
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