Franc Ergs 1,786 Posted February 25 Share Posted February 25 1 hour ago, CammyF said: https://x.com/49ersSportsTalk/status/1894464191202775404?t=dbCN82QebObREo9DIiJCQQ&s=08 It's still just 'expected to be completed by June 2025' there is nothing set in stone as yet, deals go wrong, especially ones that involve Rangers. 0 Quote Link to post Share on other sites More sharing options...
weebluedevil 1,299 Posted February 25 Share Posted February 25 12 hours ago, CammyF said: The inconvenient truth for those still unwilling to take a leap of faith is that not taking the leap is no longer an option. If we stick with the status quo, the club goes nowhere other than backwards and it'll accelerate alarmingly. We've been badly run since the days of Sir Duped, so many costly errors, terrible recruitment decisions, horrific financial decisions. The current regime (plus King) saved us from the spivs but did anyone really think they were the correct people to take us forward medium to long-term? If we stick we're finished, if we twist, who knows...... 100% find myself agreeing with all your posts on this topic. We will die if we do not accept change NOW. The club needs direction and growth, fast. I know there are no guarantees that will see short term success on the pitch, but this takeover will ensure our survival and offer hope of a bright future. We must be close to going under and the current 'hand to mouth' regime that has kept us afloat is not sustainable for another season, surely that's obvious? Are there any other options, folks? If not this, now, it may be too late. 1 Quote Link to post Share on other sites More sharing options...
ranger_syntax 4,672 Posted February 25 Share Posted February 25 37 minutes ago, weebluedevil said: but this takeover will ensure our survival Is the survival of the club threatened? 1 Quote Link to post Share on other sites More sharing options...
ranger_syntax 4,672 Posted February 25 Share Posted February 25 38 minutes ago, weebluedevil said: We must be close to going under and the current 'hand to mouth' regime that has kept us afloat is not sustainable for another season, surely that's obvious? https://dictionary.cambridge.org/dictionary/english/live-from-hand-to-mouth to have just enough money to live on and nothing extra Wait until you find out where any extra money goes. 1 Quote Link to post Share on other sites More sharing options...
weebluedevil 1,299 Posted February 25 Share Posted February 25 16 minutes ago, ranger_syntax said: Is the survival of the club threatened? No of course not, we can afford to lose £15m every year....can't we? 2 Quote Link to post Share on other sites More sharing options...
compo 7,655 Posted February 26 Share Posted February 26 The main reason we need change and have to get this deal over the line because if we don’t then the gaps going to get wider. 0 Quote Link to post Share on other sites More sharing options...
Popular Post Frankie 8,825 Posted February 26 Popular Post Share Posted February 26 Some more detail: https://www.nytimes.com/athletic/6158247/2025/02/26/rangers-49ers-leeds-takeover-explained/ The outline of a deal for Rangers to be taken over by a US investor group has been agreed with a period of due diligence to be undertaken before completion. The purchase will be done via a single investment vehicle encasing both Cavenagh and 49ers. Cavenagh will be the larger party, which could be crucial re SFA rules on dual ownership. After negotiations with the current bloc of major shareholders, the parties have agreed a set of variable routes to ensure they reach a 51% majority. King, Bennett & Scott will exit (21.5%). The other major shareholders have agreed to sell a significant enough portion each to get Cavenagh & 49ers to 51%. Negotiations to make the numbers add up have been led by Taylor, Halsted & Letham. The investors won’t need to make a compulsory offer to the remaining shareholders when they go above 30% due to a rule change this month re unlisted PLCs. Talks have included investment post-takeover. They were also made aware of Clement’s sacking. 8 Quote Link to post Share on other sites More sharing options...
Sutton_blows_goats 5,958 Posted Wednesday at 09:40 Share Posted Wednesday at 09:40 So the Parks will still be here? WTF? 0 Quote Link to post Share on other sites More sharing options...
stewarty 2,085 Posted Wednesday at 09:45 Share Posted Wednesday at 09:45 4 minutes ago, Sutton_blows_goats said: So the Parks will still be here? WTF? I’m hearing that the Parks are the main dissenters in terms of willingness to sell their shares. As ever, take with a pinch of salt as not hearing first hand. 3 Quote Link to post Share on other sites More sharing options...
Sutton_blows_goats 5,958 Posted Wednesday at 09:46 Share Posted Wednesday at 09:46 Time is of the essence with this takeover. It is absolutely key that a sporting director, new manager and a recruitment plan is in place ASAP. Time and time again we have been dreadfully unprepared for the Champions League qualifiers, this year a great example. These qualifiers will be here before we know it, if the new owners want to get a path to revenue they need to not repeat the mistakes of previous regimes. 1 Quote Link to post Share on other sites More sharing options...
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