Gers sent £250m Leeds United warning about 49ers
Rangers fans are eagerly anticipating a potential takeover by 49ers Enterprises and healthcare entrepreneur Andrew Cavenagh. This buyout is seen as a chance to revitalize Ibrox, which has struggled since the club’s financial collapse in 2012. The completion of the US purchase of Rangers is projected for the end of April, promising a significant influx of funds to the club.
49ers Enterprises ranks among the largest sports organizations globally, and Cavenagh has considerable financial resources as well. Together, their ventures reportedly manage assets worth £11 billion, indicating they are serious investors with a proven track record of financial success.
While this has generated excitement among Rangers supporters, a former striker has advised caution regarding the impending takeover.
Ross McCormack has ‘realistic’ 49ers warning for Rangers fans
The 49ers’ cautious financial approach to Leeds United has caught the eye of ex-Rangers striker Ross McCormack.
Speaking with Rangers on the brink of a buyout, McCormack reckons the Ibrox support need to be ‘realistic’ with the expectations of the American owners.
As explained to Rangers News, football finance expert Adam Williams predicts Rangers will spend to keep pace with Old Firm rivals Celtic.
But with the focus on sustainability and profitability, markers which Rangers just haven’t achieved in recent seasons, McCormack warns there will be no open chequebook.
“For me it’s going to be really interesting,” McCormack told Open Goal.
”Rangers fans need to maybe get a wee bit realistic thinking that these guys, the owners, are going to come in and splash the cash.
”I’ve seen them when they came in at Leeds. They didn’t do it with Leeds at the start and even to get promoted from the Championship there’s a guaranteed prize there of £250m at least and they’re not doing it.
”I don’t see why they would come up to Rangers and start splashing the cash.”
49ers Enterprises steady financial basket case Leeds United
49ers Enterprises already have a horse in the race in UK football with Leeds United bought over by the Americans in July 2023.
With the Elland Road side careering towards financial disaster under former owner Andrea Radrizzani, the first port of call for the 49ers has been to steady the ship.
After narrowly missing out on the Premier League last season, the Championship side faced a campaign of downsizing with over £190m in transfer payments still due in June 2024.
In the summer, the 49ers oversaw a substantial downsizing at Leeds which led to the sales of several key players and a £108m net positive in player trading this season.
At the same time, Daniel Farke has kept Leeds competitive and the club are on course for Premier League promotion and a £250m jackpot.
There’s an acceptance amongst Rangers fans that what the club has spent in recent seasons, has not been spent wisely.
If the Americans can better use the resources at Rangers’ disposal to grow the club, you won’t find many grumbles from within Ibrox.
Rangers fans are eagerly anticipating a potential takeover by 49ers Enterprises and healthcare entrepreneur Andrew Cavenagh. This buyout is seen as a chance to revitalize Ibrox, which has struggled since the club’s financial collapse in 2012. The completion of the US purchase of Rangers is projected for the end of April, promising a significant influx of funds to the club.
49ers Enterprises ranks among the largest sports organizations globally, and Cavenagh has considerable financial resources as well. Together, their ventures reportedly manage assets worth £11 billion, indicating they are serious investors with a proven track record of financial success.
While this has generated excitement among Rangers supporters, a former striker has advised caution regarding the impending takeover.
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