Rangers’ £11 billion takeover deal with investors is “agreed,” and they are prepared to take over at Ibrox.

Rangers have “agreed the outline of a deal” that will see the club taken over by a group fronted by US healthcare tycoon Andrew Cavanagh and 49ers Enterprises.

Last week, it was announced that the Rangers were getting closer to a US takeover, with the San Francisco 49ers, the NFL’s biggest investment wing, playing a major role in the talks.

The fact that seven significant shareholders possess between 6% and 13% of the shares made the Rangers takeover more difficult. However, the Athletic is reporting that a deal has been reached after Dave King revealed the Rangers’ intentions to sell up.

Rangers reach a deal on the US takeover

The Athletic claims that Rangers has spent the previous three months negotiating with Paraag Marathe, the chairman of Leeds United and the head of 49ers Enterprises.

With Leeds United as their flagship club and the Elland Road team on the verge of Premier League promotion, 49ers Enterprises has reportedly been searching for additional football clubs to add to their stable of several clubs.

With well-known supporters from the entertainment and sports industries, 49ers Enterprises was reportedly valued at about $6 billion (£4.75 billion), making it the eleventh richest multisport owner group in the world.

Another important figure is Andrew Cavanagh, a Philadelphia-based healthcare tycoon whose ParetoHealth company controls a $8 billion (£6.33 billion) empire.

According to reports, the long-serving Ibrox board members who are willing to sell have been identified as possessing 51% of the Rangers’ shares. Long ago, Dave King (13%) hinted that he wanted to sell his Rangers stock, and Barry Scott (1.5%) and John Bennett (7%) agreed.

The remaining 30% or so will come from the sale of sizable portions of the current Rangers shareholders’ stakes, which include Douglas Park (11.54%), George Taylor (10.22%), Stuart Gibson (9.53%), Julian Wolhardt (6.69%), and John Halsted (6%).

George Letham, who holds about 5% of the company, has also been referred to as “influential” in the conversations.

Following earlier reports that suggested the acquisition might be finalized as early as April, there would now be a period of “due diligence” regarding the takeover before it is finalized.

Rangers Football Club sees the dawn of a new day.

With 49ers Enterprises and Andrew Cavanagh prepared to revamp the Ibrox club, a new era at Rangers is undoubtedly on the horizon. In recent seasons, Rangers, a sleeping giant, have started to stir rather than truly awaken.

Rangers have the groundwork for success if they can succeed at every other level of the organization, thanks to a devoted following and a distinctive, moving environment at one of the most famous stadiums in the world.

The stadium in Auchenhowie and Ibrox is starting to be updated to a modern standard thanks to recent investments, and the club has constructed New Edmiston House, a multipurpose facility.

Since Scottish football only has one true rival, Rangers will have an easier time earning money from the Champions League if they can move closer to Celtic.

Rangers are also free of the retail litigation that severely hampered the club’s growth in commercial and retail revenue for the first time in ten years.

Given the prevalence of American investment in Scottish football as opposed to solely British football, Rangers presents a significant possibility for the US consortium.

Could the sun finally rise over Ibrox, for a support that has become used to false dawns in recent seasons?