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]