Miller withdraws Rangers offer

Bill Miller withdrew his Rangers bid after fearing much-needed austerity measures would make him even more unpopular in an already “inhospitable” environment, according to one of his advisers.

Jon Pritchett, chief executive of Club 9 Sports, last night explained that Miller had discovered what he felt were years of mismanagement when he began his due diligence after being named preferred bidder on Thursday last.

The American businessman also baulked in the face of “vitriolic” emails from fans who feared his newco plan would lead to the liquidation of the original club, and general uncertainty surrounding a number of issues.