Rangers Update: 20 Players Gone Without Salary Cuts

((HT: SkySports))

Harsh words from the administrators from Duff and Phelps over the financial woes of Glasgow Rangers... two players agreed to leave the squad voluntarily, but that was nowhere near the 1-million pound per month figure put out by D&P to secure Rangers future.

"We were looking at the decimation of the squad," Paul Clark said in interviews with the Sunday newspapers.

"There was mention over the last week of between eight and 11 players being made redundant had the players not taken pay cuts. If we'd made eight to 11 redundancies we would have still needed 50% pay cuts from the players who remained.

"If those cuts hadn't been made, and I couldn't do the sums until now, we would have been looking at cuts of up to 20 players in total."

Clark addressed the wage cuts to the press...

Duff and Phelps are trying to trim the folks who want to add Rangers to their portfolio within the next week...

Here was the initial announcement from Clark...
((HT: SkySports))