Celtic: Sky Sports drop major update on 49ers' Rangers takeover

Rangers v PSV Eindhoven - UEFA Champions League Qualifying Play-Off: First Leg
Rangers v PSV Eindhoven - UEFA Champions League Qualifying Play-Off: First Leg | Visionhaus/GettyImages

With no chance of silverware in sight and 16 points behind Celtic in the Premiership title race, the majority of Rangers fans have shifted their attention elsewhere in recent days. There is a lot of speculation recently about a potential takeover of the club by the San Francisco 49ers investment arm.

Of course, there is always a level of uncertainty about things like this. But this time around, it looks like the speculation is accurate and the Rangers are indeed headed for a takeover.

As reported by Sky Sports, a deal for Rangers to be taken over by US investors has been agreed in principle. Talks have been ongoing since the end of October. And now, there is a growing confidence on all sides that it will be completed ahead of the new season.

With the Rangers struggling to compete with Celtic for a long time now, it is not hard to understand why their supporters are viewing this as a step in the right direction. Paraag Marathe, who is the president of San Francisco 49ers investment arm, the 49ers Enterprises. is one of two key figures in the takeover. He is working alongside health insurance tycoon Andrew Cavenagh.

Celtic: Sky Sports drop major update on 49ers' Rangers takeover

Of course, Celtic fans will naturally be keeping an eye on this situation as well. But to be honest, they should not be particularly concerned.

Celtic are in an incredibly strong position. On the other hand, the Rangers will have to try and catch up with the Hoops, even when the takeover goes through.

For now, the focus has to be on the remainder of the campaign. Celtic are still competing for and hoping to win two more trophies. They have a 16-point lead in the league and are favourites for the Scottish Cup.