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Bill Miller withdraws bid


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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).

 

Or in the mega-minted class with money to burn, which Miller really isn't despite being a millionaire.

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It isn't all that uncommon to be a millionaire and especially in dollars. But to be able to burn $50 million, you probably need $250 million in the bank.

 

Miller, if his reported wealth was accurate, would have needed to throw everything in. Why he wouldn't have seen that from the outset is another question.

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