ian1964 10,721 Posted September 28, 2013 Share Posted September 28, 2013 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 Follow us: @MailOnline on Twitter | DailyMail on Facebook 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted September 28, 2013 Share Posted September 28, 2013 I didn’t even look at it, to be quite honest with you. I didn’t look at wages or length of contract, Of course not. He didn't have any choice but to take a pay cut. 0 Quote Link to post Share on other sites More sharing options...
Calgacus 8 Posted September 28, 2013 Share Posted September 28, 2013 Of course not. He didn't have any choice but to take a pay cut. Of course he had a choice. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted September 28, 2013 Share Posted September 28, 2013 we are hurtling towards admin as things stand. ally really had to mitigate his part in that. it's no coincidence he is no longer looking at players etc and taking a cut. good on him for doing his part but no one could possibly blame him given what the board have been up to. 0 Quote Link to post Share on other sites More sharing options...
ranger_syntax 4,320 Posted September 28, 2013 Share Posted September 28, 2013 I've got mixed feelings about this. We shouldn't be paying that much for a manager in the lower leagues. The problem is what will happen to the money saved. Will it just go towards the salaries of directors and executives? 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,830 Posted September 28, 2013 Share Posted September 28, 2013 He was vastly overpaid in the first place and still probably is. Only last week he was offering contracts to players to join us! 0 Quote Link to post Share on other sites More sharing options...
compo 7,030 Posted September 28, 2013 Share Posted September 28, 2013 makes me wonder if there is a very bad balance sheet waiting to come out . 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted September 28, 2013 Share Posted September 28, 2013 Of course he had a choice. I'm told the choice he had, was take a pay cut or take a hike. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted September 28, 2013 Share Posted September 28, 2013 makes me wonder if there is a very bad balance sheet waiting to come out . Quite so; and far better to take a pay cut ahead of publication than after the event i.e. be part of the solution rather than part of the problem. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted September 28, 2013 Share Posted September 28, 2013 I'm told the choice he had, was take a pay cut or take a hike. Still a choice. McCoist isn't in need of cash I am pretty sure, and he would also get plenty of TV offers if he left 0 Quote Link to post Share on other sites More sharing options...
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