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from Rangers supporters and fans loud and clear ("Yank go home!"), I notified the administrators today that I have withdrawn my bid."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 and Puma unveil world's first left-footed football
Italy vs England player ratings: Did Andros Townsend's goal see him beat Harry Kane and Wayne Rooney to top marks?
WWE Raw results: Brock Lesnar suspended for post-Wrestlemania 31 rampage after losing title to Seth Rollins
WrestleMania 31: The Undertaker begins a new streak after tombstoning Bray Wyatt
Louis van Gaal: Manchester United boss reveals that being a 'slow player' made him a better manager on warts and all documentary
- 1 Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
- 2 I might be an MP, but that doesn't stop me fighting sexism with my breasts
- 3 Martha Stewart accuses Snoop Dogg of 'smoking for four hours' during Justin Bieber Roast
- 4 Google April Fools': company unveils backwards search engine and huggable digital assistant
- 5 April Fools' Day 2015: The best hoax news stories from around the internet
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
The West has it totally wrong on Lee Kuan Yew
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans