Andrew Cavenagh is an American entrepreneur, investor, and the current chairman of Rangers Football Club, a prominent football club based in Glasgow, Scotland. In May 2025, Cavenagh led a U.S.-based consortium, including 49ers Enterprises, in acquiring a 51% stake in Rangers, marking a significant shift in the club’s ownership and strategic direction.
Cavenagh co-founded ParetoHealth, a company specializing in employee benefit group captives, which allows employers to reduce costs and increase control over their employee benefit programs. He has also held leadership roles in several other insurance-related companies, including Garnet Captive Services, Elevate Insurance Services, Contrarian Holdings, Structure Holdings, and Legend Holdings.
Cavenagh’s involvement with Rangers began with a pivotal phone call from investment banker Les Allan in New York, which led to a swift agreement for a multi-million-pound deal aimed at restoring the club’s prominence . He became Chairman and co-owner of the club, partnering with 49ers Enterprises. At the club’s Extraordinary General Meeting (EGM), Cavenagh introduced himself to shareholders and outlined his vision for the future, including an immediate £20 million capital injection and a focus on long-term financial stability.
Early Life and Education
Birth and Family Background
Andrew Cavenagh was born in the United States. Details about his early life and family background are limited, as he maintains a private personal life.
Education
Cavenagh pursued higher education at Swarthmore College in Pennsylvania, where he earned a Bachelor of Arts degree in Economics. This academic foundation provided him with the analytical skills necessary for his future endeavors in business and finance.
Professional Career
Early Career
Cavenagh began his professional journey in commercial banking, gaining experience that would later inform his ventures in the insurance industry. He held positions at several publicly traded insurance companies, where he developed a deep understanding of the financial services sector.
Founding ParetoHealth
In 2014, Cavenagh co-founded ParetoHealth, a company aimed at revolutionizing the way employers finance healthcare. ParetoHealth specializes in employee benefit group captives, enabling employers to gain more control over their healthcare costs and improve the quality of benefits provided to employees.
Leadership in Other Ventures
Beyond ParetoHealth, Cavenagh has been involved in various other ventures. He has served as the President of Contrarian Holdings LLC, Structure Holdings LLC, and Legend Holdings LLC, all of which are involved in providing insurance services. Additionally, he has held the position of Executive Chairman at Pareto Captive Services, LLC, further solidifying his influence in the insurance industry.
Acquisition of Rangers Football Club
The Takeover Deal
On May 30, 2025, a U.S.-based consortium led by Andrew Cavenagh and 49ers Enterprises completed a multi-million-pound takeover of Rangers Football Club by purchasing 51% of the club’s shares. This acquisition marked a new era for the club, with Cavenagh assuming the role of chairman and Paraag Marathe, president of 49ers Enterprises, serving as vice-chairman.
Vision for Rangers
At the club’s Extraordinary General Meeting (EGM) in June 2025, Cavenagh outlined his vision for Rangers, emphasizing long-term financial stability and strategic growth. He announced an immediate £20 million investment into the club and plans to transition Rangers from a public limited company (PLC) to a private limited company (LTD), aiming to streamline governance and enhance operational efficiency.
Cavenagh expressed his admiration for Rangers’ rich history and passionate fanbase, stating that the club’s supporters were a significant factor in his decision to invest. He acknowledged the dominance of rival club Celtic but emphasized his commitment to restoring Rangers to the top of Scottish football.
Personal Life
Marital Status and Family
Andrew Cavenagh is known to maintain a private personal life. There is limited public information available regarding his marital status or family. He has chosen to keep these aspects of his life out of the public eye, focusing instead on his professional endeavors.
Hobbies and Interests
While specific details about his personal hobbies are scarce, Cavenagh has expressed a lifelong passion for football. His involvement with Rangers Football Club reflects this interest, as he aims to contribute to the club’s success and legacy.
Financial Overview
Net Worth
As of 2025, Andrew Cavenagh’s estimated net worth is approximately £300 million. This valuation is based on his successful ventures in the healthcare and insurance industries, as well as his leadership role at Rangers Football Club.
Conclusion
Andrew Cavenagh’s journey from a commercial banker to a prominent figure in the healthcare and football industries showcases his versatility and strategic acumen. His leadership at ParetoHealth revolutionized employee healthcare financing, and his recent acquisition of Rangers Football Club positions him at the forefront of Scottish football’s future. With a clear vision and commitment to long-term success, Cavenagh is poised to leave a lasting impact on both the business and sports landscapes.
FAQs
Who is Andrew Cavenagh?
Andrew Cavenagh is an American entrepreneur and investor, currently serving as the chairman of Rangers Football Club.
What is ParetoHealth?
ParetoHealth is a company co-founded by Cavenagh that specializes in employee benefit group captives, allowing employers to reduce costs and increase control over their employee benefit programs.
When did Cavenagh acquire Rangers Football Club?
The acquisition was completed on May 30, 2025, when Cavenagh’s consortium purchased 51% of the club’s shares.
What is Cavenagh’s vision for Rangers?
Cavenagh aims to restore Rangers to the top of Scottish football through long-term financial stability, strategic growth, and a focus on the club’s rich history and passionate fanbase.
Is Cavenagh married?
There is limited public information regarding Cavenagh’s marital status.
What are Cavenagh’s hobbies?
Specific details about his personal hobbies are scarce, but he has expressed a lifelong passion for football.
What other companies is Cavenagh involved in?
In addition to ParetoHealth, Cavenagh holds executive positions in Contrarian Holdings LLC, Structure Holdings LLC, and Legend Holdings LLC.
