The American owner of a tow-truck maker has been chosen to rescue the stricken former Scottish soccer champions Rangers, the Glasgow club which went into administration three months ago.
Bill Miller has seen chosen as the preferred bidder ahead of the Blue Knights, a consortium led by a former Rangers director Paul Murray, which had enjoyed the backing of fans' groups.
The decision should mark the beginning of the end of one of the most turbulent episodes in the 140-year history of Rangers, who have won the Scottish title a record 54 times.
Rangers administrators say the new owner proposes to complete his transaction by the end of this month.
Miller founded and runs Miller Industries, a global company that makes bodies for all kinds of tow-trucks as well as car carriers and multi-vehicle trailers. Miller Industries also serves as the official recovery team at NASCAR and IndyCar races.