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Bill Miller withdraws bid


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The truth of the matter is that Bill Miller - if he was ever really serious - has been scared off by the amount of investment needed to get us on our feet again and the difficulty of getting a return on that investment. It really is as simple as that.

 

Spot on.

 

I see a lot of people suggesting that Miller must have discovered some sort of hidden skeleton in an Ibrox cupboard, but it's simply that he can't afford to buy and run the club. This is something that's very worrying all round because whoever buy's the club will need a lot of cash in reserve to run it when there's not enough or NO cash in the club accounts. Miller should have known that long before last night though and all other serious bidders should be aware of it too. There's a very good reason that the club had a large overdraft facility before Whyte took over!

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Look what the cat dragged in!

 

I'm still hopeful that pressure can be applied to D&P to enable a CVA to go through, even if we need to take a points deduction for next season. Whyte may need to be paid off, but needs must.

 

Very worried M mate.

 

Infact i would say im now resigning myself to it. I think between Whyte and Murray there may be no way that we can survive in our current guise :(

 

This is literally torture

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Btw mate its RFC52 from RM just incase you werent sure.

 

Notice the forum is down so remembered i had a log on for here

 

I guessed it was you. You're welcome any time mate! :tu:

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I guessed it was you. You're welcome any time mate! :tu:

 

Cheers mate, spoke to a couple of the admins and they think RM will be gubbed for a while so the freaks like me and Casey etc will be around for a while :D

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It is going to cost in the region of 11 million to buy the assets (assuming a Newco) and probably another 20 million of investment just to get us up and running again. So, after putting in 31 million or so, it is still going to take a few years to make any money and especially with various sanctions and no European football. Why would Miller, who has never seen us play and never visited Scotland, put in that kind of money with no hope of a return for at least 5 years?

 

To be willing to make that kind of investment you actually do have to be a Rangers man (or woman).

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