And given PFA Scotland believe players are not legally obliged to join a newco, Miller may struggle to assemble a squad.
Rangers in administration
Process began on 14 February
Club deducted 10 SPL points
Players and management agreed wage cuts to enable season's fixtures to be fulfilled
Deadline for securing Uefa licence was missed but club have applied to play in Europe next season
Celtic confirmed as SPL champions on 7 April
Rangers 8 points clear of third-placed Motherwell with two games to play
Uefa also insist clubs are members of national associations for three years before they are allowed into European competition.
Miller has, meanwhile, pledged to end the culture of over-spending at Ibrox.
"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," he said in a statement.
"From now on, Rangers will live within its means - no excuses."
Sections of the Rangers support have voiced opposition to Miller's proposed takeover.
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.