Aministrators to avoid cost-cutting at Rangers

Administrators are accelerating the sale of financially-crippled Rangers with a view to avoiding implementing “very severe” cost-cutting measures. Duff & Phelps had hoped talks with players, their agents, manager Ally McCoist and PFA Scotland would bring about wage cuts with the club needing to save $6.68 million this season. In the wake of talks stalling … [Read the full story]

Rangers players accept 75% wage cut

Rangers players have accepted a 75 per cent cut in wages to prevent the squad being decimated by up to 15 redundancies. At one stage the club’s administrators¬† threatened to axe the club’s top five earners, plus 10 others, as they tried to reduce monthly outgoings by $2 million. It would have left manager Ally … [Read the full story]