Rangers to change name in wake of takeover and here's what it means as they shift from PLC to LTD


Rangers to change name in wake of takeover and here's what it means as they shift from PLC to LTD

Play all audios:


Rangers to change name in wake of takeover and here's what it means as they shift from PLC to LTDThe holding company of the Ibrox side have traded as 'The Rangers International Football Club


PLC' since November 2012SportGraeme Young Deputy Live Sports Editor11:06, 31 May 2025Updated 11:22, 31 May 2025The Rangers takeover comes with a name change for the holding company(Image:


Tony Nicoletti/Daily Record) The holding company of Rangers is seeking to change its name in the wake of their seismic takeover as they shift from a public to private company – subject to


shareholder approval later this month.


The Ibrox side have traded as 'The Rangers International Football Club PLC' since November 2012 but will now be known as 'Rangers International Football Club Limited' in the new era under


chairman Andrew Cavenagh and 49ers enterprises – led by vice chairman Paraag Marathe – will see a shift if voted through at the club's upcoming Extraordinary General Meeting (EGM) which is


scheduled for June 23 at the Doubletree Hilton in Glasgow.


‌ The vote to change needs 75 per cent approval to pass.


‌ Rangers who were not publicly listed on the stock exchange despite their PLC status – will now become an LTD, a move which ensures shares cannot be offered to the public and offers an


added layer of control for the new regime. The move to the LTD company is covered in the EGM as shareholders are told what they are voting on.


3. THAT the Company be re-registered as a private limited company under the Companies Act 2006 under the name of Rangers International Football Club Limited4. THAT, with effect from the


Company's re-registration as a private company, the articles of association appended to this general meeting notice (the New Articles) be approved and adopted as the new articles of


association of the Company in substitution for, and to the entire exclusion of, the existing articles of association of the Company.Article continues below The ordinary resolutions are


covered by the big announcement on Friday which covers the allotment of nominal shares, the price which has been the price set in recent years to directors investing in Ibrox.


It's a new era at the club with nine appointments to the new-look board with Cavenagh and Marathe leading the way.


Patrick Stewart, Eugene Schneur, Andrew Clayton, Mark Taber, Fraser Thornton, John Halsted and George Taylor are the seven others who will play key roles.


Article continues below Follow Record Sport on Twitter, Facebook and Instagram for all of the up-to-the minute breaking news, video and audio on the SPFL, the Scotland national team and


beyond.


You can get all the news you need on our dedicated Rangers and Celtic pages, and sign up to our newsletters to make sure you never miss a beat throughout the season. We're also WhatsApp


where we bring all the latest breaking news and transfer gossip directly to your phone. Join our Rangers community here and our Celtic community here.


Tune in to Hotline Live every Sunday to Thursday and have your say on the biggest issues in Scottish football and listen to Record Sport's newest podcast, Game On, every Friday for your


sporting fix, all in bitesize chunks.