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03/05/2012
Miller On Course To Become New Rangers Owner
Bill Miller is on course to become the new owner of Rangers after being granted preferred bidder status today by administrators Duff & Phelps.
After weeks of negotiations and discussions, the administrators have announced that the hugely successful American businessman now has the opportunity to complete a purchase for the club.
Paul Clark, joint administrator, told staff at a meeting at Ibrox this morning.
"We would like to thank all parties for their efforts in seeking to submit bids which preserve the long history and success of the Club.
"We are delighted to announce that today we have received an unconditional bid for the business and assets of Rangers Football Club plc from Mr Bill Miller which has been accepted and he is now the preferred bidder. Mr Miller now proposes to complete his transaction by the end of the season."
(CD/GK)
After weeks of negotiations and discussions, the administrators have announced that the hugely successful American businessman now has the opportunity to complete a purchase for the club.
Paul Clark, joint administrator, told staff at a meeting at Ibrox this morning.
"We would like to thank all parties for their efforts in seeking to submit bids which preserve the long history and success of the Club.
"We are delighted to announce that today we have received an unconditional bid for the business and assets of Rangers Football Club plc from Mr Bill Miller which has been accepted and he is now the preferred bidder. Mr Miller now proposes to complete his transaction by the end of the season."
(CD/GK)
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