RANGERS’ ADMINISTRATORS HAVE reached an agreement with players to make wage cuts as the financially-stricken club aims to avoid redundancies.
Rangers duo Steven Whittaker and Steven Naismith have already agreed to take a 75% decrease as the administrator delayed announcing job losses to try and thrash out a deal with the other players.
Joint administrator Paul Clark, speaking to BBC Scotland on Thursday, said he believed the delay will be justified by the outcome.
We’re in the final stages of that process and it’s going to deliver very substantial cuts,” he said.
“We’re looking to deliver cost-cutting of around £1m per month and that’s something I think we will have achieved by this weekend.”
It is understood that the highest earners at Ibrox will take a 75% cut, with middle earners having their wages reduced by 50%, and the lowest-paid 25%.
Clark admitted that special clauses have been introduced to the players’ contracts that could allow them to leave, but he said Rangers fans should not panic over a mass exodus.
“We will vary certain contracts such that there will be trigger points at which they can move,” he explained.
“I don’t think that should be considered that any or all of the players are considering that they want to leave the club in the summer.”
“It’s just a safety mechanism from their point of view, in exchange for the very substantial amounts they’re giving up, to give them some flexibility depending on what the new ownership structure looks like when the club comes out of administration.”
I can understand the players’ concern, but I don’t think the fans should assume that means a bunch of the players are going to go in the summer or, indeed, at any point in the future for little or no value.”
Rangers have until March 31 to secure a licence to play in Europe next year, something the administrator admits is a very unlikely prospect, but they will appeal to the Scottish FA for an extended deadline. UEFA events chief executive David Taylor, however, said: “They have to make the deadline. There will be no extensions.”
“It’s a great shame that such a major football club and a major Scottish institution is in such disarray at the moment.”
“A club that has that massive level of support shouldn’t be in the financial position that it’s in just now.”
Will there be a coach left in Leinster next season
Huge blow for Leinster, signings both for playing but also coaching staff needed for next year.
Can’t remember the guys name but there was talk of an AUS scrum coach taking over. He had worked with or is known to MOC. This appointment was known for a whole in any event so I’m sure contingencies were made. It’s not like our top props won’t have access to Feek given their involvement in the Airush panel. It’s disappointing none the less that another key part of recent successes has moved on.
That’s JS Isa BOD Leo JohnnyS Jonno Gibbes all gone over a 2 year period. All were / are key leaders coaches & players. The transition is well & truly on. Whilst there is disappointment with MOCs first season there is some mitigation. Next year is shaping up to be just as tough. Singings are crucial if IRFU allow. But quality in a would cup year will be hard to get. A decent backs / skills coach wouldn’t go astray either.
Patricio Noriega?
Marco Caputo is his likely replacement
Leinster must be the new Connaught, get ahead at all and Leinster get striped of their quality coaching staff. It’s like a bloody pyramid scheme.
I could see Mike Ross making a top class scrum coach in the not too distant future. According to all reports he studies and knows more about that area of the game than any of his peers.
The scrum nerd par excellence, apparently. Still has a year or two left in those legs yet, though
Yep. Hopefully back in his native cork :-)
I think Botha is being lined up for the Cork post.
From an Ireland perspective this is a great move. All four provinces will benefit from this appointment.
balls
Where’s connaught?
Seems to be a top top coach in his specific area.can only benefit the team .
Think Reggie Corrigan is still contracted as a scrum coach