Pride Park Stadium

Next Game

Derby v Rangers

Saturday, 02 August 2014, 13:00

Friendly Match

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."

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

I

think all those names linked to United exits make sense. Kagawa has never really looked like hitting the form he had at Dortmund and Fellaini is radioactive after last season (even though I think he's been unfairly singled out for criticism). Nani and Anderson have had more than their fair share of chances so they are done, and Hernandez deserves better than warming a bench.

ted, manchester
The Insecure Gossip

H

e'll be off to Spurs (or better) in January and I don't blame him. Looking forward to re-signing Grant Holt as his replacement though.

notalentjones
Benteke ignoring speculation

I

n fairness, he does look absolutely shattered in that photo.....

FairyNuff
Shaw told to shape up

Footer 365

Champions League: John Collins claims Celtic will have to be at best to get past Legia Warsaw

John Collins says Legia Warsaw pose a huge threat to his dream of Champions League football with Celtic this season.

Premier League: Daniel Sturridge confident Liverpool can shine without Luis Suarez

Daniel Sturridge believes Liverpool have the squad to handle Luis Suarez's exit and will challenge for top honours.

Transfer news: Simon Mignolet backs Liverpool target Divock Origi and welcomes Pepe Reina return

Liverpool are closing in on Divock Origi and the Belgium youngster has been tipped to shine in the Premier League.

Mail Box

Don't You Worry About Southampton...

We can't help but agree with one mailboxer who tries to calm the crisis-mongers gathering around Southampton, while we have mails on Man United's squad...

No Wonder Wenger Doesn't Buy British

That's if reports that Calum Chambers cost Arsenal £16m are to be believed. The English premium shows no signs of disappearing. Plus, worrying about poor Southampton...

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