The trucking magnate had been given a frosty reception by Rangers fans who wanted the Blue Knights consortium to be named as the preferred bidder.
However, he has insisted that if he takes charge of the club the dark days of the last three months will be over.
"What Rangers, which includes supporters, players, staff and anyone with the club at heart, have been put through, particularly in recent months, is a travesty and from what I can see they have been badly let down by a number of individuals," read a statement he released yesterday.
"This will not happen on my watch should I become the custodian of this great club.
"Under my stewardship, Rangers will be managed with fiscal discipline such that the club not only conforms to Uefa Financial Fair Play regulations but also such that Rangers will never have to suffer this kind of anguish again. From now on, Rangers will live within its means – no excuses."
Miller was named by Duff & Phelps, the club's administrators as the forerunner for ownership of the club yesterday morning since his bid was believed to be significantly higher than that of the Blue Knights.
He will now attempt to move forward with his £11.2m takeover of the club, with his plan being to split Rangers, dividing the club debt and its assets, before joining the two together.
The debt will remain in the old company and be managed through a CVA – an agreement between creditors to accept a pence in the pound return for what they are owed.
The assets of the club – Ibrox stadium, the Murray Park training ground – will be put into a new company (newco).
Following news of the Miller's preferred bidder status, a spokesman for HMRC confirmed: "We have agreed to nothing because nothing has been put to us. We will consider our position when any package is put to us."
Miller has never been in attendance at a Rangers game or visited the ground, ensuring that there is an air of suspicion about his motives for buying the club.
As such, Duff & Phelps were moved to insist that he is not another Craig Whyte.
"We have little or no suspicion of that," they said.
However, Miller moved quickly to assure fans that there is no hidden agenda behind his bid for the club.
He said: "It is a great honour and privilege to have the opportunity to buy Rangers Football Club. I respect the Club as one of the world's great sporting institutions.
"I have fought hard to try and offer Rangers a fresh start and I hope all Rangers fans will continue to rally round the club as we endeavour to leave behind this distressing chapter in the club's history.
"Finally, and perhaps most importantly, we have worked hard to ensure there is no loss of history, no loss of tradition and no liquidation of Rangers Football Club. I wouldn't have it any other way."
Yesterday's news gave the biggest hint yet that Rangers will not face further sanctions next season.
Miller had previously stated that his bid was conditional on no footballing sanctions from the SPL or SFA.
Rangers are currently appealing a transfer embargo placed on them by the SFA and face a 10 point penalty from the SPL if they are still in administration at the start of next season.
The SPL is due to vote on Monday over new proposals allowing a liquidated club to transfer their share to a newco with penalties applied to the newco.
Proposed new rules, which would see a team docked 10 points for two consecutive seasons and deducted 75% of league revenues for three years, are due to be voted on next week. If passed, the new laws would come into effect as of May 14th.
Duff & Phelps are optimistic of finalising the takeover by May 11, meaning they would bodyswerve the new penalties. However, the league is also still investigating undeclared payments made to Rangers players and staff through the EBT scheme.
While Miller has been granted preferred bidder status, it is understood he has not paid the £500,000 exclusivity fee, effectively meaning he could still walk away from the club.
However, since the administrators will run out of cash at the end of May it is imperative that a buyout is completed as soon as possible.