Administrators Statement - Discussions Continue

[Rangers Football Club 0]

ADMINISTRATORS' talks with players and PFA resume tomorrow

 

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[Zappa 0]

Duff and Phelps, the administrators of Rangers Football Club, today issued the following statement:

 

Paul Clark, joint administrator, said: "Everyone involved in the administration process has been attempting to reach a consensual solution in regard to job losses within the playing squad. The prime reason for this has been to achieve essential cost savings while preserving the fabric of the first team.

 

"This has not been an easy balance to strike and we would like to thank the manager Ally McCoist, his players and the PFA Scotland for attempting to find a solution that would be workable for all. Every realistic option is being explored.

 

"Regrettably, it has not been possible thus far to reach a consensus where players could accept the necessary level of wage cuts to prevent job losses within the squad. We do not for a moment criticise the players for this as the wage reductions that would be required are very substantial and would have a significant impact on each individual.

 

"For clarity, we cannot enforce wage cuts. The players have to agree to this course of action. The players have asked us to consider a final proposal overnight for discussion in the morning and we have agreed to this request."

[Zappa 0]

I wonder what the final proposal from the players was then?

[calscot 0]

I can't imagine them taking much of a cut and if they do, it will be until the end of the season only - and then possibly a free transfer if they want it.

 

Jelavic must be pleased to be well out of it after increasing his wage...

[Jim White 0]

Rangers' players will have to wait for clarity over their futures after failing to reach an agreement with administrators over wage cuts.

 

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[chilledbear 16]

It seems a strange one to me.

 

I wouldn't have thought administrators would have had discussions with players.

[Zappa 0]

I can't imagine them taking much of a cut and if they do, it will be until the end of the season only - and then possibly a free transfer if they want it.

 

The cuts proposed by the players will need to be substantial for the administrators to consider them because they're adamant that they need to cut this £1m a month figure. If the cuts proposed by the players don't come close to that figure then the administrators will knock back the offer and we'll be seeing an exodus of first team players. It would take the departure of 10 or 11 of the highest earners to get close to the £1m a month reduction.

[54andcounting 0]

Anybody know who our top 10 earners are and what they pocket a month? (roughly)

[forlanssister 3,050]

This administration just becomes stranger by the day.

[Zappa 0]

This administration just becomes stranger by the day.

 

Because of yet another delay today?