Rangers are in ‘advanced talks’ with a US-based consortium led by 49ers Enterprises president Paraag Marathe.
The group are reportedly willing to purchase a controlling stake in Rangers of more than 50%, which would allow them to steer the Ibrox giants in the direction they please.
49ers Enterprises is the investment arm of NFL team San Francisco 49ers and already hold full ownership of EFL Championship side Leeds United.
Rangers are said to be valued at £100m and it is being reported that a takeover deal could be completed between April and June this year.
Marathe is the key player behind the investment talks and is said to be supported by an unnamed American business mogul.
Rangers News understands Marathe won’t be installed as chairman of the Ibrox club upon completion of the takeover.
San Francisco 49ers are backed by the York family, headed by Denise DeBartolo York. Forbes claim the family boast a net worth of a whopping $6.7bn. They are in the top 500 of the world’s richest people.
Rangers fans are sure to be hearing a lot more about Paraag Marathe across the following months, so Rangers News have profiled the man below.
- READ MORE: Rangers won’t get ‘huge cash injection’ from 49ers as financial expert names biggest issue
Paraag Marathe age
Marathe was born in October 1977 which makes him 47 years old as of February 2025. He was born in Saratoga, California and spent his childhood there.
Paraag Marathe’s early life
Marathe is the son of Indian immigrants and his first taste of business was working behind the counter of his family’s pizza restaurant.
He graduated with a business degree from Stanford University and his professional relationship with the York family was first established in 2001 when Marathe became San Francisco 49ers’ special projects manager.
What is Paraag Marathe’s net worth?
According to The Sun, Marathe was reported to be worth £170m as recently as 2023.
Marathe is president of the San Francisco 49ers’ investment wing as well as executive vice president of football operations. As mentioned, his bid to invest in Rangers will be financially supported by an unknown US business mogul.
Paraag Marathe & San Francisco 49ers
Marathe has been involved with the 49ers for almost 25 years having began as an intern dealing with contract negotiations.
As president of 49ers Enterprises, Marathe sanctions and manages the sport and entertainment assets and investments of the NFL team.
Paraag Marathe & Leeds United
Marathe is the chairman of Leeds United having led the club’s 100% ownership transition to 49ers Enterprises in July 2023.
He oversees the Elland Road side’s leadership team and how they steer the club’s football and business operations.
