DEVELOPING: Rangers Not Taking Wage Cuts Yet

((HT: SkySports/STV))

This was supposed to be the day when Glasgow Rangers administrators were to announce budget cuts and redundancies when it comes to the Glasgow Rangers roster and personnel.

But... and this is a big but... no one agreed to anything... especially when the pay cuts for on-field players were to be anywhere from 25 to 75-percent...

The players asked for another day to negotiate something, and Duff and Phelps has agreed to it...

Administrator Paul Clark released a statement:

"Everyone involved in the administration process has been attempting to reach a consensual solution in regard to job losses within the playing squad. The prime reason for this has been to achieve essential cost savings while preserving the fabric of the first team.

"This has not been an easy balance to strike and we would like to thank the manager Ally McCoist, his players and the PFA Scotland for attempting to find a solution that would be workable for all. Every realistic option is being explored.

"Regrettably, it has not been possible thus far to reach a consensus where players could accept the necessary level of wage cuts to prevent job losses within the squad. We do not for a moment criticise the players for this as the wage reductions that would be required are very substantial and would have a significant impact on each individual.

"For clarity, we cannot enforce wage cuts. The players have to agree to this course of action. The players have asked us to consider a final proposal overnight for discussion in the morning and we have agreed to this request."

Charles Paterson was outside their training facility at Murray Park...

At the same time, both the Scottish Football Association and the Scottish Premier League are investigating the idea that players on the active roster from 2001 to 2009 received two contracts- which is a violation of the by-laws of the league.

Craig Whyte still is the preferred creditor, much to the dismay of supporters...
Here was his stance when all this went down in the first place...