**Rangers preferred bidder, US tycoon Bill Miller has dropped his interest after looking at the Ibrox books. ** In the latest dramatic twist in the Rangers crisis, Bill Miller abandoned his bid after undertaking due diligence.

He blamed fresh information about the club's financial situation and fan opposition.

Following his announcement, the under-pressure administrators revealed that three other takeover bids are now being evaluated with the utmost urgency.

Scotland Tonight discussed the development with football finance expert Neil Patey; Mark Dingwall from the Rangers Supporters Trust and the sportswriter Graham Spiers.

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