GLASGOW, SCOTLAND - JUNE 23: Andrew Cavenagh & Paraag Marathe address the media after their 'Extraordinary General Meeting', on June 23, 2025, in Glasgow, Scotland. (Photo by Alan Harvey/SNS Group via Getty Images)
After completing his Ibrox power grab Andrew Cavenagh has had the pleasant bonus of instantly becoming a billionaire.
That should be on interest to his local tax authorities, perhaps concerningly for Cavenagh Craig Whyte and Dave King were the last two billionaires involved at Ibrox.
On Monday Cavenagh smooched his way through an EGM, charming the elderly shareholders then performed the same task on the media messengers who all agreed that he spoke very well. He’s actually a real soccer guy.
Naturally there wasn’t a worthwhile question asked, froth was the order of the day as the new Chairman recalled the life changing call that he received offering him Dave King’s shares.
Fittingly he described Ibrox as a castle- old and crumbling and badly in need of expensive running repairs.
? Rangers now a private limited company
? New chairman Andrew Cavenagh vows to release annual accounts
? Regular AGM-style meetings to be held with shareholdersThe American healthcare insurance billionaire on change of status.
In @heraldscotland.https://t.co/7XGMworwNb
— Matthew Lindsay (@MattLindsayHT) June 23, 2025
Cavenagh – who bought a 51 per cent stake in the Glasgow giants along with 49ers Enterprises, the investment arm of NFL franchise San Francisco 49ers, last month – was asked to show minority shareholders “respect” by former Labour MP Sir Brian Donohoe at an EGM in Glasgow city centre this morning.
The Philadelphia-based healthcare insurance billionaire stressed that George Taylor and John Halsted would represent their best interests on the board going forward and that regular meetings would be held with all shareholders regardless of the size of their stake.
Good luck with that lads.
Cavenagh will be very wealthy but is nowhere near the billionaire status gifted to him by The Herald.
He could be as wealthy as Douglas Park but it is unlikely that the American will be prepared to wave goodbye to £10m a year in order to try and Stoap Selik.
In 2023 Pareto Health was profiled by Compworth:
Pareto Health is an Insurance related company founded in 2011 and based in Philadelphia with 288 employees and an estimated revenue of $70.7M.
Pareto Health forms and manages employee benefit group captives that allow employers to reduce costs and increase control over its employee benefit program. They serve as the management team of the group captive, representing the interests of the group.
They offer employers with between 50 and 500 employees access to existing group captives and they create new group captives for groups of employers.
Four weeks tonight Chairman Cavenagh will be expected to steer his club through a Champions League qualifier against Panathinaikos, being a billionaire won’t protect him from the angry bears if the result goes the wrong way as Mr Whyte discovered in 2011 when Malmo turned up at Ibrox.
Billionaire? Like Craig Whyte pic.twitter.com/aaiDRln8pc
— G__S__7 (@G__S__7) June 24, 2025
Is he from Motherwell?
— mel spence (@melspence2) June 24, 2025
In the same way Craig Whyte was a billionaire?
— Tebilyscheit (@Ryan85Co) June 24, 2025
Cavenagh’s a billionaire? News to me Matthew. Can you shed light on this?!
— Conor ? (@ConorTCS) June 24, 2025
Fanboys are out early this morning
— The Quiet Man (@TheQuietMan17) June 24, 2025
“…vows to release annual accounts…”
As a private limited company, that is not a choice, but a legal obligation!
The Yanks are blatantly taking the p1ss out of the thick bears already.
Popcorn ordered… 🙂
And the other one trying to get brownie points by calling Celtic that team. Anyone who associates with that lot turns into a fckn rsole.
Address To A Hun Chief (Dave King at the time but it still applies)
Fair fa’ yer dishonest, wonkie face
Great chieftain o’ the Hunnish race
Aboon them aw ye tak yer place
Green, Whyte an’ Murray
Weel are ye worthy o’ disgrace
For stealin’ money.
Yer empty pockets ye have filled
Afore ye headed for the hills
Leavin’ ahent yer unpaid bills
In time o’ need
While through yer lips ye’ve lies distilled
Tae the undeid.
Mark how the Hun on garbage feeds
The Daily Record’s aw he reads
He disnae ken his auld club’s deid
An’ new yin’s dyin’
The sing’l brain cell in his heid
Has gied up tryin’.
Oh Power, wha hauds fans in yer care
An’ dishes oot their bill o’ fare
Auld Scotia wants tae hear nae mair
O’ sad Huns greetin’
Send us another ‘billionaire’
Tae fund oor cheatin’
Editor: Take a bow or set up a blog.
Absolutely BRILLIANT, Owen (wi’ a wee bittae help frae Rabbie.)
RIP John Clark, a team-mate like no other!
Genius Owen mullions ??? take a bow sir .
Mr Mullions – Yer ‘Owen’ me a new set of false teeth !
They fell our reading your brilliant work –
Poetry in motion – Goodbye Rabbie Burns… Yer finished now !!!
So good my friend…so good.
Brilliant Owen,you are class,loved that take on auld Robbie’s poem,????????????
Owen mullions…
Fukin brilliant
Lol.
Quick copilot or chatgpt search on Andrew Cavenagh’s wealth seems to tell lies that he is financially comfortable and not in the same ultra wealthy sphere as most football club owners.
Pesky lying AI. Machine learning from you and all the other celtic biased press.
yeah right. Not difficult to find the truth more like.
Ostrich FC should be their new name. Head in the sand Joe.
Why does anyone with a supposed $9bn in the bank need a consortium to invest in anything?
I mean….where’s the risk for him if it goes tits up?
These guys don’t build wealth like that by sharing it with others.
See if I had that kind of money, and I professed the joy and love at the chance of getting my hands on the club I love….yeah yeah I know….then I would deffo do a Brooks Mileson…I would just blow 200m and try to make them a winning machine, the money wouldn’t be important, no profit would be important if you had $9bn in the bank.
One day they will eventually stumble onto a formula of some kind but see as long as this utter pish keeps getting pushed, I will forever hope & pray that they continue to be the clown car club that they are, they deserve it, every bit of it for being so fecking gullible.
Still don’t see how how the rabid huns can accept a good catholic man as the CEO
Please tell me this new hun CEO goes to Holy Mass .
Live Sports Editor, The Recoil, had Cav as a Pharma tycoon. Wrong.
Rich Americans love trophies. Even wives. Cav and Marathe are in this deal to
make something out of nothing. That’s their thrill. No big time player is coming to
play for Tonto’s team, because he talks the 49 er language, Braggadocio.
Messi might come when he turns 45 years old and Modra when 48. Presently, you don’t have the cattle for 2025/ 2026 season. Thrump might say “You have no cards”.
Tonto, I like your smile. You smile because you have nothing to lose.
I know why Cav doesn’t smile.