Next Game

Alloa v Rangers

Saturday, 20 September 2014, 15:00

Scots Champ

Ibrox Stadium

Last Game

Rangers 1 - 0 Inverness

Tuesday, 16 September 2014, 19:45

Scot Comm'ties Lge Cup Second Round

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."

Related News

Most Commented

Readers' Comments

W

riting a minute by minute account on Berbatov would be like chronicling the days of the guy punished for sloth in the movie Se7en. Day 4 - lay in bed, did nothing - 15th minute, stood there did nothing .

lustral
Taking A Close Look At Mario...

W

hen players in their 30s leave Real Madrid, it's usually to Bolton Wanderers. I miss those days.

sailingmagpie
Top Ten CL Players Whetting Our Appetite

W

ow Pete, you would make an excellent stalker!

fouloleron
Taking A Close Look At Mario...

Footer 365

Champions League review: Big wins for Roma and Porto, Barca edge to victory

Roma and Porto earned big wins in the Champions League, while Barcelona opened their campaign with a narrow victory.

Champions League: Jose Mourinho rues missed chances in Schalke draw

Jose Mourinho bemoaned Chelsea's failure to kill off Schalke with a second goal before Klaas-Jan Huntelaar's equaliser.

Champions League: Man City goalkeeper Joe Hart left to rue late Bayern Munich winner

Man City goalkeeper Joe Hart admitted Jerome Boateng's late winner for Bayern Munich felt like a kick in the teeth.

Mail Box

I've Given It Some Thought: He's Got To Go

There is some more considered reaction to Arsenal and Liverpool's results, plus a big get well soon message for Jonas Gutierrez. And an apology to Merse...

B**locks To That, I'm Going To Sit In The Shed

Arsenal supporters given their understandable reaction to the debacle in Dortmund, whilst Liverpool fans weren't too impressed either. Still, at least they won...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property