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McCoist reveals salary cut

Rangers manager Ally McCoist has revealed he agreed to take a wage cut because it was "the right thing to do" and not as a response to the club's annual accounts.

Last Updated: 04/10/13 at 13:58 Post Comment

Ally McCoist: Taken a salary cut

Ally McCoist: Taken a salary cut

Financial figures published this week showed the club had an operating loss of £14.4m over a 13-month period until the end of June and that McCoist's salary was £825,000.

However, the 51-year-old agreed a pay-cut, which he says is nearer to the 50% figure quoted in one newspaper on Friday than suggestions made elsewhere of around 15%.

"I would like to point out my decision to take a wage cut has nothing to do with the accounts," said McCoist. "The negotiations started well before the accounts came out.

"We just feel that where we are in terms of our league status - and the income and turnover is down - that it's the right thing to do.

"We are not looking for a pat on the back for it because any Rangers supporter in our position would do the same.

"The only thing I ever wanted was an opportunity to manage the club. There was a contract put down which I can tell you in all honesty was not negotiated at all.

"The finances were not important to us and that's the truth - we just wanted an opportunity to manage the football club.

"I signed the contract and we couldn't foresee what was going to happen in the next 18 months, two years, which was obviously a massive blow to the club. We are where we are at the moment."

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e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

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