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Rangers ponder new bids
Rangers administrators have confirmed three other bidders have expressed an interest in buying the club after Bill Miller withdrew his offer.
American tycoon Miller - who was named preferred bidder on Thursday - informed Duff and Phelps of his plans to withdraw from the process on Tuesday.
David Whitehouse, joint administrator, said: "As a consequence of Mr Miller's bid being accepted, three other bidders have come forward to express their interest in buying the club and these offers are being evaluated with the utmost urgency."
Administrators opted for Miller's £11.2million bid over a rival offer from Sale Sharks owner Brian Kennedy and the Blue Knights consortium.
The American had been hopeful of completing his takeover by the end of the season, albeit he was seeking clarification over sanctions imposed on Rangers by the football authorities.
Duff and Phelps revealed that Miller ended his interest in the club because he was "uncomfortable" with a number of issues.
"As in any company takeover, the selection of a preferred bidder does not guarantee the completion of the sale," said Whitehouse.
"In this case, with time and money for Rangers running out quickly, it was essential to move the process forward with urgency. Mr Miller's bid was deliverable to creditors and was the only deliverable bid on the table at that time. We had no other unconditional bid.
"Given the fact that Mr Miller did not enter into an exclusivity agreement, we informed all other known potential bidders at the time the door was not closed. As a consequence of Mr Miller's bid being accepted, three other bidders have come forward to express their interest in buying the club and these offers are being evaluated with the utmost urgency.
"There is every opportunity for these bidders to now complete the purchase of the club prior to the end of the season."