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Brian Kennedy confirms get-out clauses for Rangers players

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Duff and Phelps Rangers newsWould-be Rangers owner Brian Kennedy has confirmed that the Ibrox playing squad have got walkwaway clauses in their contracts after accepting three month pay cuts.

Yesterday administrators Duff and Phelps informed Kennedy that his conditional bid for the club had been rejected.

The Sale Sharks owner had hoped to bring Graeme Souness in as part of his management team but that now seems highly unlikely.

As part of his bid process Kennedy was involved in discussions with Duff and Phelps which included a look at the contracts re-negotiated to avoid playing redundancies.

Speaking to the Daily Record this morning Kennedy admitted: “As things stand, we have players who have inserted clauses into their contracts which enable them to get out at the end of the season at a reduced value.

“They or their agents are probably going to be talking to other clubs because of all the uncertainty which surrounds Rangers.

“These guys will want to know who is going to be the owner? What are his plans going to be for the squad? How stable is the club going to be financially? What is the strategy of the owner?

“So the administrator needs to move quickly now to chose a best bidder. They need to chose the buyer and grant him a period of exclusivity in order to get this deal done.

“I hope that will be done with Paul (Murray of the Blue Knight) because he definitely has the right intentions for the club and understands what is needed.

“So hopefully he can get in next week and start talking to the players and the manager and making all the plans that need to be made.”

It took over a week of negotiating before the Rangers players accepted pay cuts ranging from 25 to 75%.

CLICK HERE for Dundee United report Rangers over ticket money

CLICK HERE for Lennon: Referee deprived me of doing my job

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0 comments

  • Williebhoy says:

    More rats deserting the sinkng ship….fire sale will soon be in full swing and we shall see who doesn’t do walking away starting with El Capitano Davis who will probably be first on the lifeboat 🙂

  • KevinBarry says:

    Good riddens.

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