Mark Taber, Andrew Clayton and Gene Schneur will change into new board members, with Patrick Stewart remaining as chief government.

Present board members Fraser Thornton, John Halsted and George Taylor will keep on as Graeme Park, Julian Wolhardt and Alastair Johnston step down.

“We’re deeply grateful for the belief positioned in us by the Rangers board, shareholders, employees, and supporters,” Cavenagh stated.

“This membership’s historical past and traditions communicate for themselves, however historical past would not win matches. We all know that the true solution to honour the membership’s heritage can be to drive efficiency.

“Our focus is easy: elevate efficiency, ship outcomes, and convey Rangers again to the place it belongs – on the prime.”

Cavenagh and Marathe, president of 49ers Enterprises, “will oversee all elements of the membership” with new sporting director Kevin Thelwell formally beginning his position on Monday.

Rangers are within the remaining levels of their seek for a brand new supervisor, with departing Actual Madrid assistant Davide Ancelotti and former Southampton boss Russell Martin understood to be the main candidates.

“At 49ers Enterprises, now we have constructed a monitor report of sporting and enterprise success, however our driving motivation is our deep connection to the golf equipment and communities we serve,” stated Marathe.

“We’re excited to affix Andrew and our different consortium of traders in a brand new period for this iconic membership, and we’re decided to construct one thing that supporters will be pleased with for years to return.”

Chief government Stewart stated: “From my earliest conversations with Paraag and Andrew, I’ve been excited and assured within the shared imaginative and prescient and what it might imply for the way forward for Rangers.”

Thornton added: “I additionally wish to acknowledge our main shareholders whose backing has introduced the membership thus far, the overwhelming majority of whom have chosen to reinvest within the membership and proceed with us on the following stage of the journey.”