Jed York is the principal owner of the San Francisco 49ers, whose investment arm owns a stake in Rangers.

The 49ers Enterprises and York also own Leeds United, and he has recently spoken about his involvement with the Gers.

He revealed that he was at the Old Firm derby at Ibrox earlier this season, which ended 0-0, but he admitted that he loved the atmosphere.

York said: “We own Leeds United, we’re big investors in Rangers. I get over to the UK a lot for games.

“There’s nothing like Elland Road, there’s nothing like going to see a Rangers match.

“I was at my first Old Firm match earlier this season for a draw, but it was truly a special experience and watching Rangers get back up and try to fight and compete and hold their own, it’s been special.

“We’re hoping that we have a lot more success.”

Jed York’s actual investment in Rangers remains a mystery

In mid-2025, Rangers were acquired by a consortium of investors, including the 49ers Enterprises and Andrew Cavenagh.

However, given the club’s boardroom structure, it remains unclear what exact stake is held by each individual.

The Ibrox outfit have opted to keep the structure well-layered and opaque, and there is no disclosure on their official website either.

Discussing York’s involvement with the Light Blues, Adam Williams, GRV Media’s Head of Finance and Governance Content, exclusively told Rangers News: “It looks like York is not involved day-to-day at Rangers, but he is a beneficial owner, which basically means that he would be among the investors’ profit if 49ers Enterprises ever sell their interest in Rangers.

“The 51 per cent owned by 49ers, Cavenagh and others is through a consortium called Rangers FC LLC, which is registered in Delaware, where there are pretty relaxed financial reporting requirements.

“As a result, we don’t actually know who owns what equity stake in Rangers FC LLC. It could be that York owns 5, 10, 20, 40 or 80 per cent. With these multi-layered and pretty opaque investment structures, we just don’t know, because it’s never been disclosed.

“Consortia that get involved with a takeover of a club like Rangers often have dozens, sometimes even hundreds of investors or limited partners.”

York expected to be part of capital call for investment into Rangers

York and his family oversee a fortune estimated to be worth around £6.1bn, and have investments all across the globe.

Williams believes that he would be part of a “capital call” if the board are looking for more money to improve the facilities or playing squad.

However, having rich people on the board, including Stuart Gibson, whose net worth is understood to be around £4.3bn, is an added benefit.

Williams continued: “When the board wants more money to spend on, say, infrastructure or the playing budget, there will be a ‘capital call’, which York will presumably be a part of. There, the various investors will decide how much money they are ready to pledge and on what terms, although that has usually been decided in advance anyway.

“The advantage of having a really deep ownership structure with multiple billionaires involved – and York is the richest of the lot, more so than Stuart Gibson – is that the financial risk is spread out among investors who can comfortably absorb the losses.

“Eventually, they’ll share in the profits too. It’s all about access to capital. And given that Rangers are still posting operating losses year after year, they are going to need money from the owners to cover them.

“That’s before you get to bigger-scale projects, like the mooted expansion of the stadium and so on in the long term.“