Some information on Bill Miller

[Zappa 0]

Just a section from the following article - http://bleacherreport.com/articles/1170612-american-businessman-bill-miller-swoops-in-to-save-glasgow-rangers

 

Miller would arrive in Scotland with quite the resume.

 

A former U.S. military officer overseas, he has a degree in economics and a doctorate in philosophy, but is best known for his prolific success as a funds manager in the 1990s and early 2000s.

 

Miller was hailed "Best Money Manager of the 1990s" by Money Magazine and "Fund Manager of the Decade" by Morningstar—in respect of his work with Legg Mason Capital Management, where he beat the S&P index 15 years in a row from 1991 to 2005.

 

According to Forbes.com, He left his roles at Chief Financial Officer and manager of the Legg Mason Capital Value Trust and Value Equity Management last November, but maintains an involvement with the company.

 

Miller's primary role now appears to be as chairman of Miller Industries, who bill themselves as "the world's largest manufacturer of towing and recovery equipment." Miller Industries are based in Tennessee.

 

As for the reasons behind Miller's interest in acquiring Rangers, they've yet to be announced. I've found nothing to suggest he's a big football fan, though more details on that front are sure to come forward in next few days.

 

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EDIT - Sorry folks! The Bleacher Report article writer f*cked up and got the wrong Bill Miller. They've now edited the article and the above info looks to be false.

Edited May 3, 2012 by Zappa

[pete 2,499]

Maybe he is trying to do the same as AEG and get an entertainment group going. that would fit in with his truck thing. Lets face it he will never get such a big club for the price he payed anywhere else.

[Zappa 0]

Lets face it he will never get such a big club for the price he payed anywhere else.

 

Absolutely pete and that aspect of this whole thing has me baffled as to why there hasn't been more interested buyers/bidders.

 

What I found really interesting about that section of the American article was this:

 

Miller was hailed "Best Money Manager of the 1990s" by Money Magazine and "Fund Manager of the Decade" by Morningstar—in respect of his work with Legg Mason Capital Management, where he beat the S&P index 15 years in a row from 1991 to 2005.

 

That one paragraph tells us that this guy REALLY knows what he's doing with money, but it also tells us that he's not just some unknown hill billy who owns a tow-truck company. He's clearly a very successful and well-connected businessman in the States, but doesn't appear to have gloated about that to win favour over here in recent weeks.

[coolk 0]

Interesting stuff that I haven't seen before so cheers for that.

[nokiss 0]

I doubt(and I'm no expert) very much if such an intelligent and experienced money man like Mr Miller, wouldn't have done his homework on attaining a football club, especially a Scottish one.

 

Anybody who has a modicum of knowledge of football(Scottish) knows there isn't a lot of money(profit) to be made.

 

I think that's what makes Bill Miller's pursuit of our club interesting and a bit of a mystery.

 

It's going to be an interesting few weeks, that's for sure.

[GovanAllan 0]

But, but, but that can't be right he's a crook and an asset stripper who has no idea what he's doing with Rangers.

 

Sounds to me that he knows exactly what he's doing. It could just be that he's reached that age where he's ready to wind down from the day to day running of his company and fancies a new pastime.

[nokiss 0]

Also, really interesting facts about our would-be owner. Good to hear some genuine facts from somebody who isn't pursuing their own pathetic agenda.

[UCF2008 0]

Anybody who has a modicum of knowledge of football(Scottish) knows there isn't a lot of money(profit) to be made.

 

I think that's what makes Bill Miller's pursuit of our club interesting and a bit of a mystery.

 

Football (or soccer as they call it over there) is what could be regarded as a growth industry in the States.

 

Maybe Mr Miller can see some potential in purchasing a brand in the sport which already has a global reach, not to mention 3 of their National squad (including captain) on it's books.

 

As for the resume mentioned in Zappa's post, here's the source - http://www.santafe.edu/about/people/profile/Bill%20Miller

 

Bill Miller

 

Chairman, Chief Investment Officer and Portfolio Manager, Legg Mason Capital Management, Inc.

 

Bio

 

Chairman, Chief Investment Officer, and Portfolio Manager

 

Bill Miller is the Chairman and Chief Investment Officer of Legg Mason Capital Management. He also currently serves as the portfolio manager for the Value Trust and Opportunity Trust mutual funds. Mr. Miller assumed overall responsibility for the equity funds management area of Legg Mason in late 1990. Prior to this time, he co-managed (with Ernie Kiehne) the Legg Mason Value Trust from its inception in 1982. He was the director of research of Legg Mason from October 1981 through June 1985. He earned his economics degree from Washington and Lee University where he graduated with honors in 1972. Subsequent to graduation, he served as a military intelligence officer overseas and then pursued graduate studies in philosophy in the Ph.D. program at The Johns Hopkins University. Prior to joining Legg Mason in 1981, he served as treasurer of the J.E. Baker Company, a major manufacturer of products for the steel and cement industries. Bill received his CFA designation in 1986.

 

Mr. Miller served as Chairman of the Board for the Santa Fe Institute from 2005-2009, one of the world’s leading scientific research laboratories, which conducts multi-disciplinary research in complex systems theory.

 

Over the years, Mr. Miller and his team have received numerous accolades for their management record and distinct style, which focuses on a detailed understanding of businesses and their intrinsic value. Mr. Miller was ranked among the top 30 most influential people in investing when he was named a member of the "Power 30" by SmartMoney. He was also named by Money magazine as "The Greatest Money Manager of the 1990's" and named Morningstar's 1998 "Domestic Equity Manager of the Year."1 In 1999, he was selected as the "Fund Manager of the Decade" by Morningstar.com.¹ Also in 1999, Barron’s named him to its All-Century Investment Team and BusinessWeek called him one of the “Heroes of Value Investing.”

 

1Morningstar’s award for “Domestic Equity Fund Manager of the Year 1998” recognizes portfolio managers who demonstrate excellent investment skill, the courage to differ from consensus, and the commitment to shareholders necessary to deliver outstanding long-term performance. Bill Miller received 56% of the analysts’ vote in Morningstar.com’s 1999 Poll in the “Fund Manager of the Decade” category. Thirty-four Morningstar.com analysts voted. Nominees in this category were selected based on their demonstration of investment skill, their courage to differ from consensus, and their commitment to shareholders necessary to deliver outstanding long-term performance. Bill Miller was named to Barron’s Mutual Funds “All-Century Team” for his stock-picking skills. This is not an official ranking based on specific criteria. The selection was based solely on the opinion of Barron’s Mutual Funds writing staff.

Edited May 3, 2012 by UCF2008

[coolk 0]

Zappa, parts of the quotes in your original post aren't within the article you linked or I certainly can't see them. Has the article changed since you posted that link?

 

I can't see anything about Forbes, etc in that link.

[chilledbear 16]

So how much money is he going to get for a team in the SPL? Where is his profit going to come from? Who told him about a team in the backwater of the SPL?