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    Home»Sports»What does US takeover mean for Rangers?
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    What does US takeover mean for Rangers?

    Prudence MakogeBy Prudence MakogeMay 30, 2025No Comments3 Mins Read
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    The group, which includes the investment arm of the San Francisco 49ers and is led by private healthcare tycoon Andrew Cavenagh, has bought 51% of the Scottish Premiership runners-up.

    Andrew Cavenagh, chairman

    Having been educated at Swarthmore College in Pennsylvania between 1988 and 1992, Cavenagh started his career in commercial banking, working at several publicly traded insurance companies.

    He served on committees and boards of industry groups such as the Self-Insurance Institute of America (SIIA) and went on to fill executive roles at Berkley Risk and Berkley Accident & Health prior to eventually kick-starting Philadelphia-based health insurance firm ParetoHealth as chief executive in 2019.

    In February, ParetoHealth announced Cavenagh was stepping down as chief executive but was staying on in an executive chairman role.

    Paraag Marathe, vice-chairman

    A native of Saratoga, California, Marathe has spent a quarter of a century with American football club San Francisco 49ers, currently serving as both president of 49ers Enterprises, the club’s investment wing, and executive vice-president of football operations.

    In addition to being the NFL club’s chief contract negotiator and salary cap architect, he oversees the team’s football analytics department and also co-chairs the NFL’s future of football committee.

    Having been on Leeds United’s board for five years, he led 49ers Enterprises’ takeover of the English club in July 2023, becoming chairman.

    Mark Taber, board member

    Mark Taber worked for the Westlake Capital Group and The Boston Consulting Group before, in 2000, joining Boston-based growth equity firm Great Hill Partners.

    He is currently managing director but is also on the board of Cavenagh’s ParetoHealth as well as Intuitive Health, Clearwave Corporation and Labor First.

    Andrew Clayton, board member

    Andrew Clayton, an economics graduate of Swarthmore College, is co-founder of Cavenagh’s ParetoHealth and is its current vice-chairman.

    Before setting up ParetoHealth, he spent five years as vice-president of the Group Captive Division at Berkley Accident & Health and held the same position with J.B. Collins and Associates and Commonwealth Risk Services.

    Gene Schneur, board member

    Gene Schneur is currently co-owner of Leeds United and is managing director and co-founder of SBV RE Investments LLC, a real estate company focused on multi-family housing.

    From 2004 to 2023, Schneur was the managing director and co-founder of Omni New York LLC and Omni America LLC, one of the top affordable housing developers in the country.

    He serves on the board of GrowNYC, an environmental non-profit in New York, and JDC- American Jewish Joint Distribution Committee, a global humanitarian organisation.

    Kevin Thelwell, sporting director

    Kevin Thelwell is moving to Rangers from Everton, where he has been director of football having had the same role at Wolverhampton Wanderers and head of sport at New York Red Bulls.

    With Everton, he previously held the position of academy manager and then head of football development and recruitment, having had similar positions with Derby County and Preston North End respectively.

    Previous to that, Thelwell was director of coach education for the Football Association of Wales Trust.



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