AMERICAN tycoon Bill Miller has pledged to banish the "travesty" of Craig Whyte's era after winning the race to be named the preferred bidder for crisis-hit Rangers.

The trucking millionaire declared the problems during Whyte's ill-starred regime "will not happen on my watch" after his £11.2 million bid was given preferred status ahead of the rival Blue Knights consortium.

The founder and chairman of Tennessee-based Miller Industries, the world's largest manufacturer of towing and recovery equipment, plans to transfer the club's assets from administration into a new "incubator" company.

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