Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
American could be Rangers' savior
Reuters, April 20th, 2012 2:29PM

MOST READ

MOST COMMENTED

Given all the angst and vitriol triggered by rich Americans taking over major British soccer teams, it would be ironic if the last man standing in the campaign to save Glasgow Rangers turns out to be a U.S. businessman.

Bill Miller, who runs a tow-truck company in Tennessee, set out plans on Friday to rescue Rangers after a Singapore consortium pulled out of the bidding. Miller plans an 11.2 million pound ($18 million) bid for Rangers that would create what he described as an "incubator" company while the administrators negotiate with the club's creditors.

Rangers, Scottish champions a record 54 times, went into administration (bankruptcy) in February over unpaid tax bills. The club suffered a 10-point penalty and has recently lost the league title to Glasgow rivals Celtic. Miller portrayed his proposal of a way of preserving the 140-year-old club rather than it having it liquidated and perhaps restart life at the bottom of the Scottish game.

The club owes around 9 million pounds ($14.5 million) in unpaid taxes and faces a much larger potential liability in another tax dispute dating back over a decade. Miller said he would suspend his offer until Monday to allow other bidders to "put up or shut up." Singapore businessman Bill Ng withdrew from the race Friday. In a statement carried on the Straits Times website, Ng said his five-man consortium had become "increasingly frustrated with the process of dealing with the club administrators."

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
FIFA: Qatar Needs Labor Reform to Keep 2022 World Cup    
FIFA executive committee member Theo Zwanziger on Tuesday indicated that 2022 World Cup host Qatar must ...
CWC: Auckland City the 'Winner,' but San Lorenzo Progresses     
Real Madrid's will face San Lorenzo of Argentina in Saturday's Club World Cup final after the ...
Di Maria Beats Messi, Aguero to Argentina's Player of the Year    
Manchester United winger Angel Di Maria has beaten Lionel Messi and Sergio Aguero to Argentina's player ...
League Cup: Rodgers Defends Sterling as Reds March On     
Following Liverpool's 3-1 League Cup quarterfinal win at Bournemouth, Coach Brendan Rodgers defended two-goal hero Raheem ...
League Cup: Pocchettino Hails 'Fantastic' Spurs     
Tottenham will play Sheffield United in the League Cup semifinal after thrashing Newcastle United 4-0 at ...
Klopp Hints at Dortmund Departure    
Borussia Dortmund coach Jurgen Klopp hinted that he could soon depart the BVB by saying he ...
Platini: Garcia Resignation a 'New Failure' for FIFA    
Michael Garcia, the man FIFA hired to investigate the bidding process for the 2018 and 2022 ...
Xavi: I Want to be Like Pep     
In an interview with Spanish paper El Pais, Barcelona midfielder Xavi reveals that he wants to ...
Report: Odegaard to Sign for Bayern Munich    
Norwegian wonderkid Martin Odegaard turned 16 on Wednesday, and reports in Germany claim that the Stromsgodset ...
Report: Falcao Wants to Stay, United Unsure    
In an interview with the Guardian, Radamel Falcao says he wants to stay at Manchester United, ...
>> Section 2 Around the Net Archives