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McCoist - I’ve taken a pay cut and so have my staff

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Ally McCoist on Friday night revealed he has taken a wage cut in a bid to help Rangers slash costs.


The Ibrox boss and his management team have agreed to a reduction in their salaries amid fears much of the £22million raised last December through an institutional share issue has been wiped out.


A promise by finance chief Brian Stockbridge to produce audited accounts by mid-September has so far failed to materialise, while sacked commercial director Imran Ahmad has launched a £500,000 court battle against the club.


As the club’s finances take centre stage at a bloody boardroom battle at an AGM next month, however, McCoist has agreed to ease the burden by scaling down his £700,000-a-year salary.


‘It’s just been agreed that the management team are certainly taking a wage cut,’ the Rangers boss on Friday night told plzsoccer.com’s Football Show.


‘I didn’t feel under pressure to do it because effectively I signed a contract. People forget that when I became manager of the club someone put a contract in front of me and I just signed it as simple as that.


‘I didn’t even look at it, to be quite honest with you. I didn’t look at wages or length of contract, I just said: “I’m signing that because it’s what I want to do”.


‘So I think it is a little bit harsh criticising someone when you don’t know what is going to happen in the future.’


McCoist, meanwhile, appealed to Rangers fans to throw their support behind betting bad boy Ian Black.


The Ibrox midfielder returns to the team against Stenhousemuir on Saturday after a three-match suspension imposed for breaching SFA rules on gambling on football matches and McCoist hopes supporters will back their man.


‘I’d be very hopeful that it’s now the case that we can all move on,’ said McCoist.


Black is a regular target for opposition supporters — but has yet to experience booing from his own fans.


McCoist believes the midfielder will cope with that if it happens. ‘Listen, football divides opinion all the time — especially at this club in the last two years,’ he said.


‘That’s a natural part of being involved at this club. I get stick myself about performances and team selections. It’s part and parcel. That will continue to be the case.


‘But I feel the most important thing is that, while we all have different opinions and opinions will be divided, the main focus and sole aim is the club’s focus to get back to where we want to be.’


Read more: http://www.dailymail.co.uk/sport/football/article-2436100/Ally-McCoist-takes-Rangers-pay-cut.html#ixzz2gAQuhqlE

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