Club 1872 have held constructive talks with Andrew Cavenagh as they prepare to be shunted out into the wilderness.
The fan ownership group was used in 2015 to bring through regime change sweeping Dave King and the three bears up the marble staircase and into power, securing a staunch future with the promise of unprecedented trophy success.
Club 1872 were then used to buy up half of Mike Ashley’s shares, at one stage they owned 10% of the club shares but were never offered a place on the Board of Directors.
Chris Graham did briefly slip into the brogues of dignity but within 48 hours his social media history forced him to hand back his once-worn blazer.
King tried selling his shares to Club 1872 but their funds had dried up, Paul Murray introduced the South African based ‘businessman’ to Andrew Cavenagh with the mysterious American set to take the club private next week with control held in Delaware by unknown investors.
It is understood that none of Cavenagh’s consortium are bears.
Other than one brief open letter to fans nothing is known about Cavenagh and his intentions but after tea and biscuits Club 1872 last night announced:
Club 1872 is pleased to inform contributors and the wider Rangers support that we held a very positive meeting with new Rangers Chairman and lead consortium member, Andrew Cavenagh, Chief Executive, Patrick Stewart and other senior club executives today.
Since John Bennett became chairman in April 2023, Club 1872 has been meeting regularly with Rangers to find a way forward on a proposed funding model which would fit with the club’s strategy and allow renewed investment directly to the club for shares as well as funding key heritage projects of significance to the Rangers support. At each stage of those discussions, progress was made but then delayed by the regularly fluctuating situation with the senior leadership of the club. We have met with three different chairmen and two different chief executives over that time.
We sincerely apologise to contributors for our relative silence during this time but we were dealing with those regular changes to the senior decision makers at the club and were mindful of confidentiality considerations and sensitivities in that ever changing landscape – particularly in recent months with a live takeover in play.
We welcome this early opportunity to speak to Andrew Cavenagh and outline our funding proposal, the significant funds we have available to invest and to gain an understanding of the priorities of the new owners. We also had the opportunity to discuss the upcoming EGM, the change in the company structure and the investment strategy of our new owners going forward. It is our intention to find a way in which Club 1872 can fit into that strategy that all parties are comfortable with and we were encouraged by our initial talks in that regard.
We will now continue those discussions with a view to presenting a proposal to contributors for their consideration in due course. In the meantime we will shortly publish our poll for the upcoming EGM.
Club 1872 could be tossed a blazer after next week’s EGM to keep supporters sweet, despite the promises from the Daily Record of multi-million investment and a transfer market splurge only Lyall Cameron has been added to last season’s squad of serial losers.
If the Americans (and whoever) do take control – and there are no sevco fans on their side – then the ibrox club will/must
change significantly?
Paddy could be punted in due course, and the club could be run on brutal venture capital terms, with an American twist?
The club – and its public communications – could be managed on a proper, professional basis?
It might even be a refreshing change to those of us on the outside!
But, for the bears it might be too much: loss of ‘traditions’, entitlement and a disconnect with typical, boorish ibrox behaviours?
Should be interesting… 🙂
No doubt a Zoom type call with AC
2 takeaways here for me from this statement
‘The significant funds we have available to invest’ and not one word of the 49ers.
As many of us suspected right away a chunk of this £20m share issue and funds will actually come from the fans themselves AND
The constant 49ers multi million type takeover reference is indeed a fakeover . They are probably at best a part shareholder inside one of the investor players inside the delaware company ..ie 4th level down Russian doll
Would be amazed if the various consortium ‘business angel’ investor types let this crew anywhere near a boardroom
On Saturday, I read James Forrest’s article 3 June 2025, about the Cavenagh led Consortium LLC, a Private Company and what might happen in a corporate sense
with the Sevco Club. Are they really the all powerfull owners at the present time? It does not seem fair that 51% shareholding, can stack the directors table.
It was illuminating. James expressed sympathy for the shareholder members of Club 1872, as did some comments from readers. I saw Delaware mentioned in Phil’s blog from Ireland and now Joe mentioned Delaware. Most of this stuff takes me a while to understand. Members of Club 1872 no doubt will have a Scottish Corporate Lawyer and a Consulting Accountant to advise them.
The attached link might help a bit.
https://www.delawareinc.com/before-forming-your-company/benefits-of-incorporating-in-delaware/
Is the EGM primarily for shareholders, selected Press, Glasgow City Leaders and Scottish Football officials?
Thanks Joe.
How could they have tea and biscuits? They haven’t any cups. Ha Ha!
Red card!!! 🙂
You are forgetting they have the “Loving Cup” and the St Etienne bike so they can nip down to Home Bargains for others.
Ha Ha Ha Ha Ha Ha Ha Ha Tony – Pure awesome !!!
A fit and proper thumbs up from the governing bodies too …..despite it all being as clear as milk ! Go be a spiv and a speculator…. there’s no scrutiny whatsoever…it’s a doddle ! Come on over …..
A C is doing a grand job !!! Gwan A C ya good thing !!! Chortle