The first signs of financial distress at Ibrox have been fired out today.
Robert Marshall, owner of the Loudon Tavern and father of club SLO Greg, has taken to Follow Follow to warn fans about the problems ahead and suggested that players should take a 20% pay cut.
As recently as September the club agreed a £7m fee with Liverpool for Ryan Kent who put pen to paper on a four-year contract.
In November a Going Concern warning was published in the accounts with a projected £10m shortfall for this season.
On March 13 Scottish football was suspended with the Glasgow derby to be staged two days later at Ibrox one of the first casualties.
Within a week Hearts were trying to push through a 50% pay cut on all employees, this week Dave Cormack admitted Aberdeen were facing huge losses with outgoings of £1.2m a month with very little coming into the club.
After Celtic, Steven Gerrard’s squad has the second biggest wage bill in the country with Marshall testing the water with a sombre posting on the popular Ibrox fans message board.
According to Scottish football’s Joint Response Group there will be no football before April 30 with UEFA also suspending their competitions with the summer European Championships put back 12 months.
As well as the signing of Kent Filip Helander was bought for a reported £3m from Bologna during the summer transfer window. During the last few months Allan McGregor, Jermain Defoe and Steve Davis have all signed lucrative contract extensions with Steven Gerrard signing a new deal in December keeping him at Ibrox until 2024.
CLICK HERE for Glasgow Times article on Robert and Greg Marshall
CLICK HERE for Greg Marshall SLO
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