Bill Miller calls time on Rangers bid
Wednesday 09 May 2012
The American businessman Bill Miller yesterday withdrew his bid for Rangers. Miller was named preferred bidder by the club's administrators, Duff and Phelps, last Thursday, over an offer from the Blue Knights and Brian Kennedy.
Duff and Phelps later confirmed that other bidders had expressed an interest. David Whitehouse, joint administrator, said: "Three other bidders have come forward to express their interest in buying the club and these offers are being evaluated with the utmost urgency."
In a statement, Miller said: "As soon as I was announced as preferred bidder for Rangers, my team began to press ahead with our due diligence. In addition, I had preliminary discussions with the Scottish footballing authorities and limited discussions with [manager] Ally McCoist.
"Having no intention of negatively affecting the potential outcome of the club's future and after hearing the message from Rangers supporters and fans loud and clear ("Yank go home!"), I notified the administrators today that I have withdrawn my bid."
Latest in Sport
Arsenal transfer news: Karim Benzema, Edinson Cavani and Gregorz Krychowiak were all linked but Wenger and Gunners fail on deadline day
Arsenal transfer news: Gunners fans devastated as they become only team in top 5 European leagues not to sign outfield player
David De Gea: Manchester United in bitter war of words with Real Madrid over failed transfer
Tottenham completed transfers: Toby Alderweireld and Kieran Trippier join but time's up for Paulinho and Etienne Capoue
Arsenal completed transfers: Petr Cech in as Wojciech Szczesny, Lukas Podolski and Abou Diaby are shown the door
- 1 Kermit the Frog has a new girlfriend named Denise
- 2 The excuses your boss is most likely to believe when you call in sick
- 3 Moscow voted the world's unfriendliest city
- 4 I'm pansexual – here are the five biggest misconceptions about my sexuality
- 5 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be