A US-led takeover bid for Rangers is at an advanced stage and the deal, with Leeds United chairman Paraag Marathe as a key man, would result in the Ibrox club being run by the investment arm of NFL club San Francisco 49ers. (Daily Record), external
Leeds United chairman Paraag Marathe and fellow US business figures have held detailed talks with Rangers in recent months, with current American board member John Halsted a prominent figure in bringing potential investors to the table, but there are still plenty of hurdles to overcome. (Scottish Sun), external
Paraag Marathe, who stands on the brink of putting together an American takeover of Rangers, grew up in California, the son of Indian immigrants, working behind the till of the family pizza restaurant before spending 24 years climbing his way up through the ranks of his beloved San Francisco 49ers. (Daily Record), external
While not denying the prospect of a potential takeover by American investors, a Rangers spokesperson stressed it is not their policy to comment on speculation and that, if there were any such discussions, they would remain confidential. (The Herald), external
Speaking recently on the Sports Geek Replay podcast, Paraag Marathe, who is being linked with a US-backed takeover of Rangers, explained how clubs in his stable no longer operate as “lemonade stands” and are run to maximise return on investment. (The National), external
While a San Francisco 49ers-backed takeover could boost Rangers financially and raise hopes of a hefty squad rebuild, financial sustainability rules brought in by Uefa restrict clubs’ spending on wages, transfers and agent fees to 80% of revenue – 70% during the summer. (Glasgow Times), external
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