Rangers takeover: Deal agreed in principle

[alexscottislegend 2,623]

19 hours ago, Uilleam said:

 

Because you can't shoot him, doesn't mean you can shoot me. 

Could that be the Craig, formerly of this parish and confidante of Kevin Thomson?

[Uilleam 6,282]

1 hour ago, alexscottislegend said:

Could that be the Craig, formerly of this parish and confidante of Kevin Thomson?

I do not know. The message came on WhatsApp, where it had been  buzzing around the ether. (Thus its fundamental accuracy is, of course, guaranteed.) 

 

Whatever happened to that guy, Craig? Maybe banned, or, Heaven forfend, migrated to the Dark Side, in pursuit of some Bridget, or Briege. It can happen. 

[Bluedell 6,002]

42 minutes ago, Uilleam said:

Whatever happened to that guy, Craig? Maybe banned, or, Heaven forfend, migrated to the Dark Side, in pursuit of some Bridget, or Briege. It can happen. 

He's just getting on with life. I've been chatting to him online recently. He's not banned and is welcome back any time he feels like it.

[Bluedell 6,002]

43 minutes ago, Uilleam said:

I do not know. The message came on WhatsApp, where it had been  buzzing around the ether. (Thus its fundamental accuracy is, of course, guaranteed.) 

 

Davie Edgar basically said that the whatsapp message is crap on yesterday's H&H daily update,

[Uilleam 6,282]

24 minutes ago, Bluedell said:

Davie Edgar basically said that the whatsapp message is crap on yesterday's H&H daily update,

Something of a disappointment, that.

I was keenly anticipating a pink hotel, a boutique, and a swingin' hot spot.

 

Hopefully someone paves "paradise" and puts up a parking lot, sooner, indeed, asap. 

 

[buster. 5,528]

1 hour ago, Bluedell said:

Davie Edgar basically said that the whatsapp message is crap on yesterday's H&H daily update,

There is a surprise 😂

[BEARGER 1,878]

Chris Jack on Cavenagh.

Cavenagh has right profile to stand out
from Ibrox crowd Just who is the businessman leading US consortium's bid to
seize reins at Rangers, and what will he bring to the table?
Chris Jack
Senior football writer NDREW CAVENAGH sat in a crowd of 50,000 at Ibrox and only a handful of those around him knew who he was and why he
was there. His subsequent appearances have attracted more
interest and his next ones will not be
• so innocuous for a man who will no
• longer just be a face or a name.
Cavenagh was pictured in the • directors' box during the William
Hill Premiership victory over St •Johnstone in January. It was an afternoon where events off the field enveloped those on the park as a 3-1 win for Philippe Clement's side proved meaningless for the
beleaguered Belgian. In the Copland Stand, the Union
Bears unfurled banners which read 'Fans gave all while you let our standards fall' and 'Time for fans to force change'. As the clock hit 55 minutes, the group walked out in protest. Many more around Ibrox joined them amid boos and jeers from those who stayed behind. Cavenagh watched it all unfold and was
unperturbed. The calls for change around the top
table had been growing for some time. Those who aimed their ire at the boardroom did not know that conversations to bring about that very scenario had been ongoing since October. And they did not know that one of the men who will finance the
takeover that will break a new dawn at
• Ibrox was sitting amongst them that day. Cavenagh was welcomed by the members of the board that he will
soon buy
out and replace. Unbeknown to them, this was not his
first time watching Rangers. The American healthcare tycoon had previously made an announced trip to get a closer look at the club that he and the 49ers Enterprises are set to
take control of. Cavenagh and Paraag Marathe's goal of climbing the Marble Staircase edges closer. As outlined last month, the American
consortium will appoint at least two directors to the board as the current hierarchy sells
up and ships out. Chairman Fraser Thornton and Patrick Stewart, the chief executive officer, are likely to remain in post following the transfer of power. Former chairmen Dave King and John Bennett are set to offload their entire shareholdings, worth over 20 per cent of RIFC pIc combined, while several others will part with a percentage of their current holdings. On completion, Cavenagh and 49ers Enterprises will
control at least 51 per cent of Rangers. Cavenagh and Marathe will call the shots. It is understood that other investors may come on board down the line, but their influence will be minor in comparison to those who are leading the way right now. Gretar Steinsson,
the 49ers
Enterprises technical director, joined Cavenagh at matches with Fenerbahce and Celtic last week and is providing guidance over the appointment of a sporting director and the permanent manager ahead of next season. They are decisions that will give supporters an insight into where Rangers are heading after another
fraught period of relations, The disconnect between those in the corridors of power and those in the stands was evident that afternoon against the Saints. It had been clear
for some time as Rangers endured Cavenagh and Marathe are in this for the right reasons. Marathe spoke last month about how 49ers Enterprises are always looking for 'clubs with the right history of success'. That is Rangers another dreadful campaign and another failed title bid. It did not put Cavenagh and Marathe off then and nothing that has unfolded since has either. Ironically, it has perhaps made
their jobs that bit easier. The need for regime change had
been evident to many for some time. Belatedly, the acknowledgement became widespread amongst the investor group, and initial agreements were able to be reached. A successful season on the pitch could, in theory, have taken the share price up and those that hold the main stakes could have demanded a higher value for their
stock or been less inclined to sell up. Now, this is a deal that suits all parties
and is the right one at the right time. The transaction will see the Americans purchase potential, both in a
sporting and business sense.
The investment from 49ers Enterprises in Leeds United, where Marathe is chairman, saw them buy into the Premier League dream. It is one that is likely to be realised in the coming weeks At Ibrox, the ambitions are European ones. Domestic glories will be the foundations but will never be that lucrative. Achievement on the continent, allied with a new player- trading model and
gains in commercial and marketing activities,
will see the dollars turn into pounds. The investments will be made in infrastructure as well as people and processes. Headlines over a potential transfer war chest will inevitably grab attention, but the plan will be sensible and sustainable. Rangers must operate with the financial framework of current regulations and this will not be a splurge to strike it rich. The network of interests that the 49ers can tap into will almost be as beneficial to Rangers as the cash that will fund the revolution. There are no plans for Rangers to be a 'feeder club'
for Leeds, or vice-versa. Cavenagh made his name in commercial banking before he made his money in the captive insurance market. Cavenagh tapped into an area of growth within the insurance industry Stateside after launching ParetoHealth and the rapid expansion has allowed him to become a
prominent figures in the field. One expert with a knowledge of the American system outlined the ParetoHealth business model that sees the firm offer self-insurance to individuals or companies by setting up funds that sums are paid into to provide cover. In his profile on the Pareto Health website, Cavenagh is described as leading the charge to dismantle outdated health insurance approaches and challenging organisations to build new ways to bring affordable healthcare
to their employees. What was once a niche market has grown at a significant rate. A fit-for- purpose policy in America is like gold dust and similar schemes may soon appear on these shores after a recent Government consultation. Pareto secured an $80million private equity investment from Great Hill Partners in September 2019 and Warburg Pincus joined as an investor in the firm four years later. In that time, Pareto expanded its staff from 800 to 2200 and quadrupled the number of
employees it covered to 400,000. Cavenagh moved to the role of executive chairman in February this
year. He has been described as a composed, calm and collected individual and a good communicator that has a presence - partly courtesy of a frame that is well over 6ft - about him. He has not been a bold and brash figure around the Ibrox inner sanctun and has impressed with his knowledg of the game during his time in th stands. The finer details of the dea have, naturally, not been divulged to a who have shaken their hands, bu those who have visited have mad positive impressions and there is n doubt about their well-meanin intentions for a club and an institutiol Cavenagh must surely have bee
caught up in the sense of occasion : Barry Ferguson's side beat Fenerbah‹ on penalties at Ibrox. It would certain not have hurt the prospects of a de being done but the process is f enough along the line for supporters start to get excited. As one source put
it must be remembered that the finone per cent can be the hardest to put in place and fans should remain cognisant of the complexities and the stakes as discussions continue in the
coming weeks. Cavenagh was asked by Sky Sports how close he was to taking over at Ibrox as he made his way back to his taxi post-match on Thursday. A reply of'Great match tonight, just here to support the club' saw the issue side- stepped before he wished his questioner a wonderful night' and
headed back to his city centre hotel. Further trips to Glasgow are expected
before the end of the campaign. Marathe was not in attendance for
the last-16 fixture or the Old Firm win. He was at Old Trafford in January, but not as a guest of the visitors as previously assumed. It is understood that Marathe and Steinsson had their own table at the Battle of Britain§ended up in the same suite as the Rangers delegation and a host of famous faces that included United legends such as Bryan Robson, Denis
Irwin and Gary Pallister. Away from the boardroom, football has always been one of Cavenagh's loves in life and he was a talented goalkeeper during his time at
Swarthmore College in Pennsylvania. Indeed, he uses the phrase 'football' rather than 'soccer' when talking about the beautiful game. Cavenagh has an affection for and knowledge of the sport and that is behind his desire
to invest in Rangers. This is no golden handshake for the sellers or a silver bullet bid for the buyers. King previously said the deal he had brought to the table after weeks of 'kissing frogs' would be his Ibrox legacy and there is a belief that Cavenagh and Marathe are in this for the right reasons. Marathe is the chairman at Elland Road and spoke last month about how 49ers Enterprises were always looking at other opportunities' and for clubs with the 'right bones, clubs with the right
history of success'. That is Rangers. That January day at Ibrox saw the club hit another low point. Worse, of course, was to come. Within six weeks, Clement's side had lost to Queen's Park and St Mirren and the Belgian had been relieved of his duties. The prospective new owners were kept up to speed on those developments as Ferguson was
named as interim manager. The state of anger and apathy that enveloped the club has never seen Cavenagh and Marathe waiver in their commitment to buying it. Cavenagh has been sociable in the right circles and put his business head on when the
time has come to talk money. This takeover and transfer of power is a very different scenario to the last change around the boardroom table. A decade after regime change that saw King, John Gilligan and Paul Murray put Rangers back in the hands of those that cared about it, the current incumbents are preparing to give it to those they believe are the right men to
take it forward. Cavenagh and Marathe will not inherit a stadium that is in need of urgent repair, they will not find a business that is broken and a staff that has been decimated. Rangers have their issues, of course, but each can be
fixed with investment and insight. The comparison between the current predicament and the years pre-Souness has been made and is sound. This could be the same kind of sliding doors moment for the club, a generational shift that could move the balance of power back towards the
blue half of the city. Time will tell if Cavenagh and Marathe earn a legacy to match that of David Holmes. They will no longer just be faces in the crowd. They are the men leading Rangers into a new
era.

[buster. 5,528]

1 hour ago, BEARGER said:

Chris Jack on Cavenagh.

Cavenagh has right profile to stand out
from Ibrox crowd Just who is the businessman leading US consortium's bid to
seize reins at Rangers, and what will he bring to the table?
Chris Jack
Senior football writer NDREW CAVENAGH sat in a crowd of 50,000 at Ibrox and only a handful of those around him knew who he was and why he
was there. His subsequent appearances have attracted more
interest and his next ones will not be
• so innocuous for a man who will no
• longer just be a face or a name.
Cavenagh was pictured in the • directors' box during the William
Hill Premiership victory over St •Johnstone in January. It was an afternoon where events off the field enveloped those on the park as a 3-1 win for Philippe Clement's side proved meaningless for the
beleaguered Belgian. In the Copland Stand, the Union
Bears unfurled banners which read 'Fans gave all while you let our standards fall' and 'Time for fans to force change'. As the clock hit 55 minutes, the group walked out in protest. Many more around Ibrox joined them amid boos and jeers from those who stayed behind. Cavenagh watched it all unfold and was
unperturbed. The calls for change around the top
table had been growing for some time. Those who aimed their ire at the boardroom did not know that conversations to bring about that very scenario had been ongoing since October. And they did not know that one of the men who will finance the
takeover that will break a new dawn at
• Ibrox was sitting amongst them that day. Cavenagh was welcomed by the members of the board that he will
soon buy
out and replace. Unbeknown to them, this was not his
first time watching Rangers. The American healthcare tycoon had previously made an announced trip to get a closer look at the club that he and the 49ers Enterprises are set to
take control of. Cavenagh and Paraag Marathe's goal of climbing the Marble Staircase edges closer. As outlined last month, the American
consortium will appoint at least two directors to the board as the current hierarchy sells
up and ships out. Chairman Fraser Thornton and Patrick Stewart, the chief executive officer, are likely to remain in post following the transfer of power. Former chairmen Dave King and John Bennett are set to offload their entire shareholdings, worth over 20 per cent of RIFC pIc combined, while several others will part with a percentage of their current holdings. On completion, Cavenagh and 49ers Enterprises will
control at least 51 per cent of Rangers. Cavenagh and Marathe will call the shots. It is understood that other investors may come on board down the line, but their influence will be minor in comparison to those who are leading the way right now. Gretar Steinsson,
the 49ers
Enterprises technical director, joined Cavenagh at matches with Fenerbahce and Celtic last week and is providing guidance over the appointment of a sporting director and the permanent manager ahead of next season. They are decisions that will give supporters an insight into where Rangers are heading after another
fraught period of relations, The disconnect between those in the corridors of power and those in the stands was evident that afternoon against the Saints. It had been clear
for some time as Rangers endured Cavenagh and Marathe are in this for the right reasons. Marathe spoke last month about how 49ers Enterprises are always looking for 'clubs with the right history of success'. That is Rangers another dreadful campaign and another failed title bid. It did not put Cavenagh and Marathe off then and nothing that has unfolded since has either. Ironically, it has perhaps made
their jobs that bit easier. The need for regime change had
been evident to many for some time. Belatedly, the acknowledgement became widespread amongst the investor group, and initial agreements were able to be reached. A successful season on the pitch could, in theory, have taken the share price up and those that hold the main stakes could have demanded a higher value for their
stock or been less inclined to sell up. Now, this is a deal that suits all parties
and is the right one at the right time. The transaction will see the Americans purchase potential, both in a
sporting and business sense.
The investment from 49ers Enterprises in Leeds United, where Marathe is chairman, saw them buy into the Premier League dream. It is one that is likely to be realised in the coming weeks At Ibrox, the ambitions are European ones. Domestic glories will be the foundations but will never be that lucrative. Achievement on the continent, allied with a new player- trading model and
gains in commercial and marketing activities,
will see the dollars turn into pounds. The investments will be made in infrastructure as well as people and processes. Headlines over a potential transfer war chest will inevitably grab attention, but the plan will be sensible and sustainable. Rangers must operate with the financial framework of current regulations and this will not be a splurge to strike it rich. The network of interests that the 49ers can tap into will almost be as beneficial to Rangers as the cash that will fund the revolution. There are no plans for Rangers to be a 'feeder club'
for Leeds, or vice-versa. Cavenagh made his name in commercial banking before he made his money in the captive insurance market. Cavenagh tapped into an area of growth within the insurance industry Stateside after launching ParetoHealth and the rapid expansion has allowed him to become a
prominent figures in the field. One expert with a knowledge of the American system outlined the ParetoHealth business model that sees the firm offer self-insurance to individuals or companies by setting up funds that sums are paid into to provide cover. In his profile on the Pareto Health website, Cavenagh is described as leading the charge to dismantle outdated health insurance approaches and challenging organisations to build new ways to bring affordable healthcare
to their employees. What was once a niche market has grown at a significant rate. A fit-for- purpose policy in America is like gold dust and similar schemes may soon appear on these shores after a recent Government consultation. Pareto secured an $80million private equity investment from Great Hill Partners in September 2019 and Warburg Pincus joined as an investor in the firm four years later. In that time, Pareto expanded its staff from 800 to 2200 and quadrupled the number of
employees it covered to 400,000. Cavenagh moved to the role of executive chairman in February this
year. He has been described as a composed, calm and collected individual and a good communicator that has a presence - partly courtesy of a frame that is well over 6ft - about him. He has not been a bold and brash figure around the Ibrox inner sanctun and has impressed with his knowledg of the game during his time in th stands. The finer details of the dea have, naturally, not been divulged to a who have shaken their hands, bu those who have visited have mad positive impressions and there is n doubt about their well-meanin intentions for a club and an institutiol Cavenagh must surely have bee
caught up in the sense of occasion : Barry Ferguson's side beat Fenerbah‹ on penalties at Ibrox. It would certain not have hurt the prospects of a de being done but the process is f enough along the line for supporters start to get excited. As one source put
it must be remembered that the finone per cent can be the hardest to put in place and fans should remain cognisant of the complexities and the stakes as discussions continue in the
coming weeks. Cavenagh was asked by Sky Sports how close he was to taking over at Ibrox as he made his way back to his taxi post-match on Thursday. A reply of'Great match tonight, just here to support the club' saw the issue side- stepped before he wished his questioner a wonderful night' and
headed back to his city centre hotel. Further trips to Glasgow are expected
before the end of the campaign. Marathe was not in attendance for
the last-16 fixture or the Old Firm win. He was at Old Trafford in January, but not as a guest of the visitors as previously assumed. It is understood that Marathe and Steinsson had their own table at the Battle of Britain§ended up in the same suite as the Rangers delegation and a host of famous faces that included United legends such as Bryan Robson, Denis
Irwin and Gary Pallister. Away from the boardroom, football has always been one of Cavenagh's loves in life and he was a talented goalkeeper during his time at
Swarthmore College in Pennsylvania. Indeed, he uses the phrase 'football' rather than 'soccer' when talking about the beautiful game. Cavenagh has an affection for and knowledge of the sport and that is behind his desire
to invest in Rangers. This is no golden handshake for the sellers or a silver bullet bid for the buyers. King previously said the deal he had brought to the table after weeks of 'kissing frogs' would be his Ibrox legacy and there is a belief that Cavenagh and Marathe are in this for the right reasons. Marathe is the chairman at Elland Road and spoke last month about how 49ers Enterprises were always looking at other opportunities' and for clubs with the 'right bones, clubs with the right
history of success'. That is Rangers. That January day at Ibrox saw the club hit another low point. Worse, of course, was to come. Within six weeks, Clement's side had lost to Queen's Park and St Mirren and the Belgian had been relieved of his duties. The prospective new owners were kept up to speed on those developments as Ferguson was
named as interim manager. The state of anger and apathy that enveloped the club has never seen Cavenagh and Marathe waiver in their commitment to buying it. Cavenagh has been sociable in the right circles and put his business head on when the
time has come to talk money. This takeover and transfer of power is a very different scenario to the last change around the boardroom table. A decade after regime change that saw King, John Gilligan and Paul Murray put Rangers back in the hands of those that cared about it, the current incumbents are preparing to give it to those they believe are the right men to
take it forward. Cavenagh and Marathe will not inherit a stadium that is in need of urgent repair, they will not find a business that is broken and a staff that has been decimated. Rangers have their issues, of course, but each can be
fixed with investment and insight. The comparison between the current predicament and the years pre-Souness has been made and is sound. This could be the same kind of sliding doors moment for the club, a generational shift that could move the balance of power back towards the
blue half of the city. Time will tell if Cavenagh and Marathe earn a legacy to match that of David Holmes. They will no longer just be faces in the crowd. They are the men leading Rangers into a new
era.

Thanks Bearger, but the article has nothing substantial or new despite it's length. 

 

This type of subject you judge from actions or at least quotes by those directly involved.

 

We'll have to be patient.

 

[Devil's advocaat 1,787]

Does anyone know about this dual ownership thing that's been referred to in some articles? Leeds have to get promoted as EFL don't allow dual ownership, is this correct?.

 

Or, is the Cavanagh involvement a way around this?.

[Rousseau 11,513]

17 minutes ago, Devil's advocaat said:

Does anyone know about this dual ownership thing that's been referred to in some articles? Leeds have to get promoted as EFL don't allow dual ownership, is this correct?.

 

Or, is the Cavanagh involvement a way around this?.

Marinakis owns a few clubs, so I don't think that's right. 

 

I could be wrong.