Rangers Acquire U.S. Consortium
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Rangers board chairmanAssociated Press News
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US group including 49ers Enterprises buys majority stake of Glasgow club Rangers
88% Informative
Scottish soccer club Rangers confirms a U.S.-based consortium has purchased a majority ownership stake.
Health insurance entrepreneur Andrew Cavenagh and 49ers Enterprises led the consortium of investors.
The purchase price was not disclosed.
The group has committed to invest 20 million pounds ( $27 million ) right away, subject to shareholder approval in June .
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