McCoist has salary halved

[Frank Reynolds 3,359]

McCoist has salary halved... but Rangers boss still waiting to see how cuts impact squad

Ally McCoist has confirmed his 50 per cent wage cut has finally been enforced – but the Rangers boss is still waiting to learn how the Ibrox austerity drive will impact on his squad.

McCoist volunteered to halve his £825,000 salary back in September to help combat rising costs at the club, only for the move to be stalled by the boardroom chaos seen at Ibrox.

Chief executive Graham Wallace has now pushed it through and this week also held extensive talks with the manager about a wider programme of cuts.

Gesture: Rangers boss Ally McCoist agreed to have his salary halved to combat rising costs at Ibrox

Money matters: Austerity cuts mean that Rangers might have to trim the size of their squad

McCoist insisted he has not yet been told to dispose of any players, but will hold further discussions with Wallace next week.

Asked about his own contract, he said: ‘It’s all done. It has all been agreed with Graham, so it’s sorted.

‘In terms of the wider situation, I had a lengthy meeting with Graham on Tuesday. There is nothing concrete - nothing is set in stone. He hasn’t told me I need to sell players or get rid of them.

Tight lipped: Chief executive Graham Wallace has not confirmed if McCoist will need to sell players

‘It was just an overall view of the football side and we will meet again next week. When there is something to say, we will do that.

‘Graham said at the AGM that there would need to be cuts, so he’s made that public.

‘He hasn’t made it known to me where those cuts are going to take place, and in what shape or form.’

Prized asset: Rangers most valuable player Lee Wallace (right) could still be sold

The possibility of a key asset such as Lee Wallace being sold remains open, but McCoist is adamant the decisions eventually taken by the chief executive could have far-reaching consequences for Rangers.

‘The fact there was nothing concrete coming out the first meeting would indicate the importance of the situation,’ said McCoist.

‘Graham is certainly fully aware how important the decisions made just now will be for the short, medium and long term.’

http://www.dailymail...pact-squad.html

[TravelingWilBEARy 4,319]

One in the eye for those implying that he was deliberately stalling on it. They know who they are.

[BLUEDIGNITY 33,647]

Just as long as he keeps the season tickets price halved !

[BLUEDIGNITY 33,647]

Just as long as he keeps the season tickets price halved !

[RFC55 108,899]

One in the eye for those implying that he was deliberately stalling on it. They know who they are.

Watching you like a hawk

[Frank Reynolds 3,359]

Doesn't mention whether this is a deferral, and he will be back on full salary when we reach the top division (I think I heard that somewhere, may be bollocks) - but nevertheless, it's a good move from McCoist, and I applaud him for it

I may not always agree with how he plays the team, but this is a step in the right direction from him - not as a manager, but for the club as a whole

[skullery 240]

One in the eye for those implying that he was deliberately stalling on it. They know who they are.

Ally could pay Rangers , and it still would not be good enough for some , no doubt more made up fact lies will be added by the usual suspects on the subject

[TravelingWilBEARy 4,319]

Watching you like a hawk

I'm sure they'll find some way to twist it to suit their agenda.

[trueblue68 2,497]

Only 400k a Year in League One. Wow.

[RFC55 108,899]

Only 400k a Year in League One. Wow.

Half of 750 isn't 400

[ManchestGer 347]

Good to see its finally gone through, looks like the first step of many In cutting down on outgoings

[RFC55 108,899]

I'm sure they'll find some way to twist it to suit their agenda.

"We could get better for that money"

[ClydebankBearWATP 877]

Hopefully it's permanent. Shouldn't be anywhere near that amount even in the top division!

[The Godfather 71,884]

He's saved Rangers....

[BLUEDIGNITY 33,647]

Coisty has already got it in the hip it's the fans that need looked after now ! They put in and don't take out !

[TravelingWilBEARy 4,319]

"We could get better for that money"

Malmo, Maribor, 11 back at corners, Foster, postmen, cups, tracksuits, the pies are overpriced.

[Cadman 342]

Does this mean he works the second half of the season for effectively nothing or is it equivalent to half wages from now, in which case it would only be roughly a 25% reduction?

[1st_Jan_1994 4,868]

Well done Ally a fantastic gesture even if it took a few months to get there

Credit where it's due

[Christchurch Rangers 1,229]

It's quite incredible the amount of money people in professional football earn.

not passing judgement, just making an observation

they must enjoy themselves alot with them amount of dosh

[RFC55 108,899]

Malmo, Maribor, 11 back at corners, Foster, postmen, cups, tracksuits, the pies are overpriced.

[RFC55 108,899]

Does this mean he works the second half of the season for effectively nothing or is it equivalent to half wages from now, in which case it would only be roughly a 25% reduction?

It means his yearly wage has halved, not 25% for 8 days of the month and 18% the rest

[trueblue68 2,497]

Half of 750 isn't 400

Only £412,500.

Poor guy must be struggling

It should only be 100k tbh.

[Frank Reynolds 3,359]

Well done Ally a fantastic gesture even if it took a few months to get there

Credit where it's due

I can't tell if that's sarcasm or not

[plymouthranger 3,872]

Why the fuck is Kenny miller training with us in those photos..

[RFC55 108,899]

Only £412,500.

Poor guy must be struggling

It should only be 100k tbh.

Half of 750 isn't 412 either, did you go to one of they apartheid schools