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from Rangers supporters and fans loud and clear ("Yank go home!"), I notified the administrators today that I have withdrawn my bid."