The group has been in talks with shareholders regarding a multi-million-pound investment, which could see them acquire a significant stake in the Scottish Premiership giants.
Marathe, who is also president of 49ers Enterprises, the investment arm of the NFL’s San Francisco 49ers, has a proven track record in sports business. His consortium views Rangers as a club with strong growth potential, particularly due to its Champions League aspirations and player trading model.
The potential deal, however, faces regulatory challenges. The Scottish Football Association (SFA) has strict dual ownership rules, which could complicate the transaction given the consortium’s existing investment in Leeds United. Under current regulations, no individual or entity with a significant stake in one club can own more than 29.9% of another. This means that even if the American group proceeds, they may be limited in how much control they can exert over Rangers.
Rangers’ current ownership is fragmented, with key stakeholders such as former chairman Dave King and businessman Douglas Park holding notable shares. Some of these shareholders are reportedly open to selling their stakes if the right offer is made.
Financially, Rangers have faced challenges, reporting a £17.2 million loss last year. The club requires fresh investment to stabilize its finances and continue competing at the highest level domestically and in Europe. The potential involvement of the American consortium could bring much-needed capital and strategic direction.
While negotiations are ongoing, no formal agreement has been reached yet. However, if the deal progresses, it could mark a new chapter in Rangers’ history, with fresh investment aimed at strengthening the club both on and off the pitch.
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