Rangers administration: Bill Miller issues statement via Duff and Phelps

DUFF and Phelps, administrators of Rangers Football Club, has issued the following update this evening.

Following discussions with Mr Bill Miller today, he has informed us he wants to progress and discussions will continue between us prior to a preferred bidder being anounced

Mr Miller has asked us to issue the following statement from him to Rangers fans.

Bill Miller commented: “After speaking with the administrators today, I understand that no other bidders have stepped up to offer to save Rangers. As I stated on Friday, if there were no other bids by close of business Monday, I would begin the process to acquire Rangers according to the plan I outlined on Friday.

“To clarify earlier statements in the press, I did not ask for more time to move forward.

“However, at the request of the administrators, I will wait to enter into exclusivity in order to give The Blue Knights/Ticketus more time to put an alternative offer on the table for the administrators to evaluate.

“I will leave it to Duff & Phelps to determine when they want to identify their preferred bidder.

“Until then, I am moving forward with my process and continuing my discussions with all related parties. I can confirm that I did have confidential conversations with the SFA and PFA Scotland representatives. Finally, I will be having discussions with Ally McCoist later to discuss his recommendations regarding the players.”