There is no information available about Andrew Cavenagh pushing the button on a Rangers takeover after an undercover spying mission on Copland Road. However, recent developments suggest that Cavenagh, along with 49ers Enterprises, is close to securing a controlling stake in the Scottish Premiership club.

Rangers Takeover Update

The American consortium, led by Cavenagh and 49ers Enterprises President Paraag Marathe, is reportedly nearing completion of the takeover deal. Lawyers are currently examining the multi-million-pound proposals, and it’s expected that the deal will be finalized in the coming months.

Share Distribution

According to reports, Cavenagh will have a larger share in the block to buy controlling shares at Rangers, with the investment group looking to take a controlling stake of at least 51% of the shares. This would give them control over decision-making at the club.

Potential Changes

Once the takeover is complete, the new owners are likely to make significant changes, including [2][1]:
– Appointing a Permanent Manager: The current interim manager, Barry Ferguson, would likely be replaced by a permanent manager chosen by the new owners.
– Boardroom Restructuring: The new owners may restructure the boardroom, potentially giving Cavenagh more say in the club’s decision-making process if he becomes the major shareholder.
– Financial Boost: The new ownership could bring fresh investment to Rangers, potentially improving the club’s finances and allowing for more significant spending on players and infrastructure.

Current State of Rangers

Rangers are currently sitting 16 points behind arch-rivals Celtic in the Scottish Premiership, having been knocked out of domestic cup competitions. The club’s finances haven’t been the best recently, but the potential takeover could bring much-needed investment and stability [1].