Last Game

Motherwell 3 - 0 Rangers

Sunday, 31 May 2015, 15:00

Scots Prem PO Final Round Play-Offs

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

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

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."

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

W

hy no blog? that's my summer ruined. Can someone start a petition on change.org please?

myyoot
The New Dawn Gossip

W

ell, if he'd be unable to reject an offer from Barcelona or Madrid, he may as well join Arsenal while he's waiting for them to call. It's a logical progression.

bouldasbrass
Lacazette: I'll only leave for CL

D

zeko is nothing more than a Bosnian Andy Carroll.

uncle monty
The New Dawn Gossip

Footer 365

Benitez emotional at Real unveiling

Rafael Benitez refused to discuss Real Madrid's apparent interest in Raheem Sterling and David de Gea at his Bernabeu unveiling on Wednesday.

Rafa Benitez named new coach of Real Madrid

Rafa Benitez has been confirmed as the new coach of Real Madrid on a three-year contract.

Prince Ali targets interim FIFA presidency before an election

Prince Ali of Jordan is investigating if he can be FIFA's interim president before an election, according to Sky sources.

Mail Box

Does Anybody Care About Russia?

Do any of us really care about the decision to give the 2018 World Cup to Russia? We're not sure anybody does. We have mails on Blatter, Rafa and lots more...

Celebrate Good Times, But Hard Work Starts Now

The Mailbox is joyous over the impending departure of Sepp Blatter, but offers a reminder that problems remain. Plus title winners, CL play-offs and Nigel Adkins...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company