Ally McCoist set to fly to US for face-to-face talks with potential Rangers buyer Bill Miller Bill Miller hasn't been to Ibrox to see things for himself but some of his people have been here, so he's not going into this in the dark. We haven't spoken about the structure of the club so far but he has been asking questions about Scottish football. I'm like most Rangers fans, I would imagine. I'm cautious, after all that the club has been through, but I'm optimistic because we all need to take a positive step here. I would be hopeful that I would be manager under Bill Miller, but there have been no guarantees. He wants to speak to people who have a feel for the club - as you would obviously expect him to do - and he's certainly doing that. He's probably exactly what you'd think he'd be. He's very forthright and I don't think he'd be scared to upset people - like a lot of successful businessmen are - but, at the same time, he's aware of the delicacies of the situation, the club and the support and all that. I spoke to him after the Dundee United game on Wednesday night and I spoke to him again last night. Asked if he had a better feeling about the chances of Rangers" progress under Miller than under Craig Whyte, who oversaw the club's plunge into insolvency, McCoist replied: "I don't know. You've got to take people as you find them, but the gentleman sounds absolutely spot on. I personally will be a lot happier when I can sit across the table from him and look into his eyes - and I imagine he'll be exactly the same about me. The first thing you'd have to say about Bill Miller is that there's clarity. We obviously don't know how it'll turn out if he buys the club but there's a trail - we know how he's a successful businessman, we know where he comes from and we know how he's set up, so you'd have to say those are big positives. It did emerge on Friday that an American company, in which Miller had a 10 per cent stake worth $1 million (£619,300), filed for bankruptcy in October. Sports nutrition company, Health Sport Inc, was declared insolvent after failing to lodge its annual accounts in Arizona, although the business has declared itself optimistic of a return to trading within six months to a year. Miller was not a member of the board of Health Sport Inc, not that it is the most pressing concern for McCoist, who was typically forthright when asked whether or not the playing squad's contracts would be preserved if the American succeeds with his scheme to split Rangers into a newco as well as the existing business, in order to park the debt in one and fold the companies back into each other when the creditors have been satisfied. I have had no discussions about that and I am loath to go down that road. If I go into the legalities of those contracts I would probably explode - I really don't know," he said. The indication from the union [PFA Scotland] is that the contracts will not have to be honoured as they are at the moment. I really don't know the legalities of it. I don't know what's right and what's wrong. I don't know if anybody does. The irony is not lost on me with me being a union man that I want the union to be wrong - my old man will be appalled, but that's how it is. It is not, in fact, clear how the one-year embargo on transfers affects contract talks. "I'm not even sure we are allowed to renegotiate players" contracts with this ban we've got," said McCoist. It's amazing isn't it? Someone told me we might not even be able to bring back the players we have out on loan so, effectively we might be paying wages for players we can't play. It's a registration ban rather than a transfer ban. If there is a player out on loan - Hutton, for example, at Dunfermline - he possibly can come back and play for us but possibly John Fleck and Juan Ortiz couldn't because their registrations are with another FA. One player who will definitely depart is Sasa Papac, whose contract finishes at the end of the month after six years at Ibrox.