Former Rangers chairman Dave King has expressed strong confidence in the proposed takeover of the club by 49ers Enterprises, estimating a 90% probability of the deal going through. The consortium, which holds a controlling interest in Leeds United, has been in discussions with Rangers for the past six months.

King, who remains the largest shareholder of Rangers, shared his insights during an interview with TalkSport. He stated, "These discussions have been going on for a long time, six months. In terms of legals being signed, in terms of the type of conditions present that still have to be fulfilled, I would certainly put it at above 90% right now. I can't see anything that would stop the deal happening now."

Strategic Benefits for Rangers

King emphasized the strategic advantages of the takeover, particularly in terms of financial stability and European football opportunities. "With Rangers, you don't have the yo-yo risk. At least when they come into Rangers, they know if they make an investment that European football is pretty much assured," he explained. "It's difficult to envisage Rangers or Celtic not being first or second so European football in various stages will be there."

Comparing Rangers and Leeds United

King also drew comparisons between Rangers and Leeds United, highlighting the challenges faced by the latter in the Premier League. "As exciting as it is for them to be going up to the Premier League, they're going to have to make a lot of budgeting decisions to stay there," he noted. "I think it's easier to put the financial plan to support the football planning a club like Rangers than it is for someone like Leeds United, where I think it's a lot more challenge."

Current Season and Future Prospects

Rangers are set to finish second in the Scottish Premiership this season, with Celtic securing their fourth successive title. The Ibrox side will enter the Champions League at the second qualifying round stage. King acknowledged the need for further investment to challenge for the league title, stating, "I don't think we're two or three players away from challenging for the league title. I think there's a lot more than that has to come in if we're going to have a financial plan that's going to support the football plan."

Conclusion

The potential takeover by 49ers Enterprises represents a significant opportunity for Rangers to strengthen their position both domestically and in European competitions. With King's confidence in the deal's completion, Rangers fans can look forward to a promising future under new ownership.