After months of speculation, Andrew Cavenagh and 49ers Enterprises have finally completed their takeover at Ibrox.
The US consortium has acquired a 51% stake in the club. Rangers said in a statement the "consortium will chart a new strategic vision for the club's future, prioritising on-pitch performance and long-term financial sustainability".
Cavenagh will lead the consortium, with support from the San Francisco 49ers investment arm, the 49ers Enterprises, and other investors.
The new owners have committed to invest £20m at this time, subject to approval at an Extraordinary General Meeting on June 23.
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