Rules that the 49ers and Rangers must follow in order to approve a dual investment arrangement
The owners of the NFL franchise are in advanced talks to gain a majority position in the Scottish Premiership outfit.
In 2023, 49ers Enterprises acquired a majority stake in Leeds United, and Paraag Marathe, the president of the company, is currently its chairman.
The agreement step of the multi-million-pound deal is drawing nearer.
But there are still some obstacles to go past, such the SFA’s dual ownership regulations.
Since Brighton’s Tony Bloom invested money in Hearts and Bournemouth’s Bill Foley invested £6 million in Hibs, this has gained more attention in Scottish football.
According to Article 13 of the SFA’s Constitution, before any agreement can be made, the SFA board must provide its approval to any individual associated with another team.
Unless the Board has given its previous written consent:
(a) neither a club nor a club nominee; and
(b) no individual, either in their capacity as a trustee or otherwise, acting alone, in partnership with one or more associates, or exclusively through an associate or associates (even if they have no formal interest), who:
(i) belongs to a club; or
(ii) has any involvement whatsoever in club management or administration; or
(iii) possesses any capacity whatsoever to affect the management or administration of a club
may simultaneously be directly or indirectly
(A) belong to a different club; or
(B) be involved in any capacity whatsoever in the management or administration of another club; or
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