NOT much has come out of the San Francisco 49ers since last month’s major breakthrough in their acquisition of Rangers.
We told in March how the NFL giants’ business arm 49ers Enterprises have agreed a deal in principle for the long-discussed takeover.
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San Francisco 49ers chief executive Jed York, right, has broken his silenceCredit: Getty
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Gers CEO Patrick Stewart is expected to address the takeover in a Q&A later this monthCredit: Getty
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Dave King and fellow shareholder John Bennett have agreed to sell their sharesCredit: PA
And now 49ers chief executive Jed York has finally broken his silence over the Rangers purchase.
The Americans are already in charge at Premier League promotion hopefuls Leeds United.
And despite being the supremo of the American football side, York is actually less involved in the talks than Paraag Marathe, president of 49ers Enterprises, and insurance tycoon Andrew Cavenagh, who leads the negotiations.
So York was understandably quick to downplay the imminence of the takeover, and to explain the difference between the ‘soccer’ and ‘football’ sides of the business.
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He said: “We haven’t done anything there [yet].
“Leeds is obviously under the umbrella, but they are completely separate from the 49ers.
“Where we can tie brands together and sort of take our best practices of operating, we do, but in terms of financials, they don’t overlap at all.”
Although the financial backing in the deal won’t be coming from the San Francisco 49ers’ American football outfit directly, their business arm is the main source of funding.
We told already that there is confidence on both sides of the negotiations that the deal will be agreed before the start of next season.
Consent is still required to be given by the SFA, and by the EFL due to 49ers’ already-existing ownership of Leeds.
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Current Gers shareholders Dave King and John Bennett have already agreed to sell up, while fellow directors Douglas Park, George Taylor, Stuart Gibson, Julian Wolhardt and John Halsted could all still let their shares go too.
Ibrox chief Patrick Stewart is expected to address the takeover at a Q&A at Edminston House later this month.
Keep up to date with ALL the latest news and transfers at the Scottish Sun football page
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