00:00A brand new era is officially underway at Rangers Football Club. The club have confirmed they are officially under new ownership via the San Francisco 49ers Enterprise Wing and US health insurance tycoon Andrew Kavanaugh.
00:17A number of board changes have been made including Kavanaugh becoming the new chairman and Parag Marath who 49ers Enterprises have as Leeds United chairman. Another club they own, he will be the vice chairman. Key players in the Rangers boardroom currently like Douglas Park will be making way.
00:36Around about £20 million in capital will be invested straight away into Rangers Football Club in what is set to bring in a new era at Ibrox. The first priority will be a new head coach. A number of names have been linked including David Ancelotti and Russell Martin.
00:54Stephen Gerrard's name has been taken out the running as per various reports. There will be an overhaul of the playing squad due and it remains to be seen how many young players are bloodied into that group with the club also confirming today that no fewer than 13 young prospects had been let go by the club ahead of this summer.
01:15But the main news is the 49ers are officially in place at Ibrox. News first emerged in the winter of these talks taking place. The likes of Parag Marath were then spotted at Ibrox having a tour in late April and now just as we head into June the takeover has been confirmed.
01:32Rangers will be back in pre-season over the course of June early July with Champions League qualifiers before the end of July in mind ahead of the Premiership season with the target very much to bring Rangers back to winning ways in terms of the Premiership trophy, the Scottish Cup and the League Cup.
