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Rangers: Dave King says Andrew Cavenagh and 49ers Enterprises will return the club to the top of Scottish football | Football news


Dave King insists that the new American Rangers investors will lead the club back to the top of Scottish football.

The former president was a key character who started talking to US health insurance Tykoon Andrew Cavenagh and 49ers Enterprises, before selling his entire share A consortium that took control of Ibrox on Friday.

King discovered Sky Sports News That he was also talking to a group from Saudi Arabia – but he wanted to make a job with Cavenagh and CO.

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Sky Sports News Gordon Duncan reporter provides details

The US consortium now has a 51 percent stake in the club and has announced plans to hand over an additional £ 20m to the club, while Rangers asks for Celtics to capture 17 points at the top last season and scored the fourth consecutive title of top flight.

The Rangers are also looking for a new boss, which should be appointed in the coming days, with King convinced that the new owners will correct it.

Here’s what the former Ibrox director and the biggest single shareholder said Sky Sports News

Why Cavenagh and 49ers?

Andrew Cavenagh takes over as president of the Rangers
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Andrew Cavenagh is the new president of Rangers after downloading

“This group of investors that I believe is 100 percent right for the club and now I say that as a fan.

“I am optimistic about the future, I think it is someone the fans can bypass.

“I wouldn’t say that otherwise a supporter, truly, I really believe the club is in the right hands.

“I think that decision was the right decision, otherwise I would certainly not support it and I supported it, and I believe that now we will return the club to the top of football in Scotland.

Steven Gerrard Rangers Sky Sports News
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Steven Gerrard led the Rangers to the Scottish Premiership 2021 trophy

“How much will it take? I’m not too sure, but I don’t mean too long.

“It won’t be right away, but I think it will be done in a sustainable way, so when we return, we will stay, and that did not happen after 55, we returned, but we did not stay there.

“This time we have to come back and stay, and I think this new group of investors will give it, I’m really, really convinced of it.”

Are there other options?

28/10/17 Ladbrokes Premiership.Hearts V Rangers.bt Murrayfield Stadium - Edinburgh.rangers Owner Dave King
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Dave King was the president of the Rangers for five years

“I discussed with the Saudi group. At a rather early stage, I was satisfied that they had funds.

“But the question was then: would these be the real owners of the Rangers Football Club? Would you be acceptable to fans in my opinion? And are, let’s say, knowledge and expertise are to take the football club forward?

“They had money. But what they did not have recorded about investing in football clubs. So, I was still engaged with them in earlier stages so that the conditions of financial work could look and how it would work.

“When I got a phone call (former director of Rangers) Paul Murray, he said,” Dave, I know you are talking to people right now, but I have someone I think you should talk to. “

Former Ranger director Paul Murray recommended a consortium
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Former Ranger director Paul Murray recommended a consortium

“After talking or two with Paul, I met Andrew Cavenagh and where it worked especially, I ended up with a mixture of both things that I felt were extraordinary.

“If you look at any successful football club, there are really three key pillars.

“One is your fans, and one thing about the Rangers football club is that you have always had your fans through good and bad times.

“The other was your commercial football plan, how you actually run the club, because fans of fans in the seats and even sell a kit for replicas, not enough to finance the big football club. You need a strong commercial and total football plan for your transfers and contracts and editions.

“And then, of course, you need a financial plan to take it. You can’t do it all without financing behind it. So you have to bring them together.

“What I liked in my initial conversation with Andrew, and then my subsequent conversation when Parag (Marathe) and 49ers were more involved in part of the consortium, such measured options, where I felt that they understood sports. They were proposed by commercial aspects. They did a fantastic job.

Parag marathe
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The new Renaler Vice President of Parag Marathe is President Leeds United and President 49ers Enterpriseses

“So I felt that I had this perfect combination. They had a financial muscle we needed and now in the coming years, because things don’t always go well and you have to be able to complement from time to time.

“And they had football and a general sports commercial knowledge and expertise. So, my main focus from that moment was working with the group, but he was trying to keep the Saudis in the background, only if this job was not accomplished for any reason.”

How do you feel about managerial search?

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Former Rangers President Dave King in search of a club for a new manager with Davide Ancelotti, Russell Martin among the capabilities

“When you bring in a new manager, I would go to Glasgow’s environment.

“Some think it’s a little unjust, but certainly in my experience of Marko Warburton and others who all thought they got the matter in Glasgow – until you arrive in Glasgow, you don’t get the matter in Glasgow. Not even someone like Steven (Gerrard) who came from Liverpool, where you think he’s glowing is Glasgow.

Dave King was a chairman when Mark Warburton was appointed manager in 2015
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Dave King was a chairman when Mark Warburton was appointed manager in 2015

“You can try and think that you understand it and you can talk to people who were there before, but until you really go inside, you don’t really get it.

“So, I think this is a factor to be careful about. I think the consortium will consider bringing a European manager who may not have experience with Scottish football at all, this will be crossed by the Champions League qualifiers in the north of Scotland in Draga, the windy, terrible on Wednesday night and try to motivate their players.

“I think it’s a factor for me, but it’s not something 49ers are not aware of.”

What is the following for Rangers?

Glasgow, Scotland - April 23: General View of Ibrox Stadium, April 2, 2025 in Glasgow, Scotland. (Photo Craig Williamson / SNS Group)
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King does not expect quickly to repair new Rangers owners

“There will be some cleaning of the balance sheet and debt and ensure that the balance sheet is more stable.

“Then I hope – and what I expect – see the obligation of a financing plan that will see a significant investment in improving the team in this window, but will also retain some of the funds available for the next few windows.

Glasgow, Scotland - February 02: Rangersova Ianis Hagi (R) celebrates scoring to achieve 2-0 with teammate Vaclav Cerny during a game of William Hill Premiership between Rangers and Ross County at Ibrox Stadium, February 02, 2025, in Glasgow, Scotland. (Photo Alan Harvey / SNS Group)
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Vaclav Cerny (l) and Ianis Hagi are two of six players who have left Rangers so far this summer

“I hope and expect the consortium to continue the discussions we had, which is an understanding that it will have to be permanently investing in numerous windows.

“If the idea is not only to win but also consistently win, which I think is a plan, then we need that consistency of investment.

“So, I think we have the right people, we have a real business experience.

“I think this is a good opportunity for the club that it is not a board led by fans. There are some advantages in that, when you have to go to your hand for money, there is an emotional tug for people to give you money to need you.

“But against that, there is almost a fans’ mentality when one gets caught up in a series of bad results, it’s a little” burn the board, ignite a manager. “

Rangers fans on Ibrox
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King reminds new Rangers owners to keep fans on the side

“Work with 100 percent of supporters, but it has two or three percent that dominate the media, and one tends to respond to two or three percent of the more bummy part of that spectrum of fans.

“So, I think you have people who are not completely depressed if you lose at home a team that is the lower end of the table, which does not change their worldview, I think it is a good thing for a club that goes forward in terms of stability.

“Certainly, what I think is necessary for the new owners to take the club forward in this new world of modern football.”

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