Rangers players will almost certainly reject being made responsible for job cuts at the troubled club.
Administrators Duff and Phelps handed responsibility for salvaging the club over to Ally McCoist’s beleaguered first team squad sparking a day of frantic speculation.
McCoist opted out of being involved in the process which is likely to involve cut-backs in backroom and coaching staff as well as across the playing pool.
Yesterday the players were unable to come to a verdict faced with three choices
a) 75% wage cut/deferral and no job cuts
b) 50% wage cut/deferral and five or six job cuts
c) 25% wage cut/deferral and eleven job cuts.
Players union chief Fraser Wishart spent much of Thursday locked in discussions with the administrators and the players.
It seems unlikely that the players will be able to come to a majority vote handing the decision back to the administrators.
Manager Ally McCoist looked distraught when he was pictured after being told the full enormity of the cuts needed to allow the club to fulfill their fixtures.
Whatever happens it’s highly unlikely that Rangers will be able to provide the SFA with audited accounts before the end of the month which would rule the club out of European football for next season.
With Ticketus due a hefty slice of season ticket income for the next three years Rangers future income projections have been decimated.
Duff and Phelps have been in charge of Rangers for over a fortnight with little emerging in public so far about the extent of the clubs financial crisis.
Today’s redundancies are certain to spark further anger at the way Craig Whyte has run the club since taking over from David Murray.
Whyte resurfaced again yesterday but was unwilling to go into any detail about the problems facing the club.
“Clearly I’ve got enormous sympathy for anyone who’s losing their job in this process,” Whyte claimed. “But, what I would say is, that Rangers were a company in enormous financial distress long before I came along.
“This is part of solving the problem to make Rangers a stronger business when it comes out of administration, which we are all working very hard to do.”
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“This is part of solving the problem to make Rangers a stronger business when it comes out of administration, which we are all working very hard to do,(via eating in the finest eateries and gambling(ticketus monies perhaps?)in the best casinos Monaco has to offer!!
Well done Agent Whyte your mission has been completed, back to HQ for some deserved jelly and ice ceam.
Rumours are spreading that Whyte is using the leftover Ticketus money to start up his very own ‘Ice Cream and Jelly’ company… THAT WAS HIS MASTERPLAN ALL ALONG!!!!