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Rangers bidder retreats on fan fury
by Sarah Miloudi on May 09, 2012 at 07:48
Beleaguered Scottish football club Rangers has suffered another blow as the American bidder tipped to snap it up and save the side from administration withdrew his interest.
Bill Miller, the chairman of a Tennessee-based towing and recovery equipment company, said he had grown uncomfortable with the level of fan opposition to the bid and was concerned that Rangers' financial position was worse than he had feared.
Miller said had he pursued his bid, foreign ownership of the club would not have gone down well with its fan base.
'Preliminary information, discussions and analysis were, unfortunately, more optimistic than reality,' he added, as he announced his decision to withdraw his interest in the club.
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