Keith Jackson addresses claims of Rangers takeover collapsing

Keith Jackson has shared the latest updates regarding the Rangers takeover, indicating that a deal may no longer be feasible. The Daily Record journalist was the first to report that the San Francisco 49ers were in advanced discussions to acquire the Ibrox club. However, with no formal agreement reached yet, there are growing concerns that the verbal understanding may have fallen through.

Rangers takeover could happen before the end of April

Jackson claims that the takeover deal is currently down a legal rabbit hole and it’s expected to be there until the final details are clarified.

All parties are understood to still be interested in getting the deal finalised and over the line as soon as possible.

Someone from the American consortium is expected to be present at Ibrox on Thursday for the Europa League clash against Athletic Bilbao.

Jackson said: “It’s basically disappeared down a legal rabbit hole, which is where it will remain until and i’s are dotted and t’s are crossed.

“I know that people will want to put rumours about the thing collapsing or not going through. That flies in the face of everything that I’m being told.

“I’m being told that all parties remain keen to get it concluded and I was told that to expect that it could or should happen before the end of April.

“I’m guessing that it should become crystalised one way or another in the next couple of weeks.

Ibrox faithful must remain patient with the takeover still on the cards

Rangers fans need to remain patient as the proposed takeover by the San Francisco 49ers is a complex, multi-layered process mired in legal and financial intricacies.

Jackson’s latest update highlights the deal’s descent into a “legal rabbit hole,” underscoring that finalising such transactions involves more than just a handshake.

The process began with negotiations, followed by a verbal agreement in principle, which was reached by March.

However, this is merely a starting point.

Due diligence follows, where the consortium examines Rangers’ finances, debts, like the £17.2million loss from 2024, and ownership structure, which is fragmented among shareholders.

Legal paperwork must then be drafted and approved, navigating Scottish FA rules on dual ownership -complicated by the 49ers’ Leeds United stake – requiring consent or restructuring via a separate investment vehicle.

Shareholder approval and final boardroom restructuring add further steps, all while ensuring the deal aligns with UEFA regulations if European competition overlaps arise.

With a consortium representative expected at Thursday’s Europa League match, progress is evident, but fans must brace for a timeline stretching toward late April as these hurdles are methodically cleared.

READ MORE NEWS HERE