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Dave King says Rangers takeover discussions have been going on for six months Former Rangers chairman Dave King believes there's a "a 90% probability" of the club's proposed takeover by American investors going ahead. A consortium involving Andrew Cavenagh and 49ers Enterprises Global Football Group aim to buy up a 51% share of the Ibrox club. "I would say that there's probably a 90% probability it will happen, " Rangers' largest shareholder King told Talk Sport. "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. " 49ers Enterprises own Leeds United, who have won the Championship to return to the Premier League after a two-year absence, and is the investment wing of the 49ers NFL franchise. Exeter agree deal for Rangers' Yfeko as eight depart Visit our Rangers page for all the latest news, analysis and fan views Get Rangers news notifications in the BBC Sport app And King, who says mid-June is a realistic timescale for completion of the deal, commented: "The situation regarding Leeds, as I understand it, is not going to be a distraction from Rangers. "With Rangers you don't have the yo-yo risk. No disrespect to Leeds. At least when they come into Rangers, they know if they make an investment that European football is pretty much assured. "It's difficult to envisage Rangers or Celtic not being first or second so European football in various stages will be there. "And 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. "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. " The Ibrox side will finish second in the this season's Scottish Premiership, with Celtic having secured a fourth successive title and an course for a domestic treble. Europa League quarter-finalists Rangers will enter the Champions League at the second qualifying round stage. "I don't think we're two or three players away from challenging for the league title, " King added. "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. " Champions League semi-final: Ruiz fires PSG in front after fast Arsenal start Wenger proposes 'daylight' change to offside rule For the past two seasons we have two Premier Leagues, jokes Arteta Joe Biden's first interview since leaving office A story of love, loss and hope in the face of disaster Classic sitcom starring Paul Eddington and Nigel Hawthorne Comedy drama about a deviser of magic tricks, and puzzling murders What is still to be decided as season reaches climax? League reconstruction - why, when & what might it look like? Scotland men's internationals to be shown live on BBC Commonwealth Games: Why is it so special to be part of Team Scotland? From titles to tinpottery - rank Scotland's top 10 clubs 'A liability', 'the aura' & 'a phenomenon' - the big Lions calls Where does Inter v Barca rank among best-ever semi-finals? In Pictures: Sporting photos of the week Stunning stats and 'Ronaldo behaviour' - is Yamal cut out to rival Messi? Fatal Supersport crash - what happened and what next? 'Two concussions in a month was scary and it's why I'm retiring' Who has made Troy's Premier League team of the week? Is the risk that Mercedes took with Antonelli paying off? Trailblazer Zhao set to take snooker to 'another level' in China 'Calamity keeper' or 'human wall' - which Donnarumma will Arsenal face? Zhao beats Williams in historic final - highlights. Video Zhao beats Williams in historic final - highlights Alexander-Arnold leaves as modern Liverpool great - but fans will feel hurt 'Scheffler and De Chambeau wins further raise US PGA excitement levels' Match-fixing scandal to Crucible champion - fall and rise of Zhao 'We need to take a look at ourselves' - Arsenal stalling at wrong time Ask Me Anything, the new BBC Sport service designed to serve you Bayern's 'James Bond' - how Kane clinched his first trophy How 'absolutely outstanding' Palmer 'destroyed' Liverpool. Video How 'absolutely outstanding' Palmer 'destroyed' Liverpool Saints 'punch' favourites Leinster in game for the ages Vardy the best £1m ever spent - Shearer. Video Vardy the best £1m ever spent - Shearer Copyright © 2025 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.