Next Game

Raith v Rangers

Friday, 12 September 2014, 19:45

Scots Champ

Ibrox Stadium

Last Game

Rangers 4 - 2 Q of South

Saturday, 30 August 2014, 15:00

Scots Champ

McCoist: Cuts news to me

Rangers manager Ally McCoist admits he was surprised by the call for cost-cutting measures announced at last week's stormy annual general meeting.

Last Updated: 23/12/13 at 14:54 Post Comment

McCoist: Keen to add to playing squad next month

McCoist: Keen to add to playing squad next month

Ibrox chief executive Graham Wallace admitted the club were spending way beyond their means and called for initiatives to be introdcued to bring expenditure in line with their lower-tier status.

Rangers raised £22m from a share issue last December but spiralling costs have seen that eaten into, causing concern for the immediate well-being of the league one side.

Speaking at the AGM, Wallace, who was re-elected to the board, said: "The current operating structure we have is too high, too high even for the top division never mind the lower leagues.

"It is reasonable to assume that, in order to take the club back to competing at the top levels domestically and in Europe, fresh investment will be required.

"I don't rule out a rigorous review of our football squad but it will be done in partnership with the manager."

However, McCoist, who is looking to add to his pool of players in the January transfer window, claimed the measures were 'news to me'.

Speaking on Sky Sports News, he said: "I wasn't aware of this at all. Graham made his statement and it was news to me, as it was to a lot of the people listening to it.

"That said, we haven't been informed where and if and when these cuts will take place so it is wrong of me to comment on them until they happen."

Of adding to his squad next month, McCoist, whose side are 10 points clear at the top of the table with two games in hand, said: "I am the same as every manager, I would rather have players in than leaving.

"Obviously I will just have to react to what I am told by the chief excecutive. It would be wrong of me to comment on a hypothetical situation because I don't know what is going to happen to be honest.

"Once Graham has a look at the business overall, then we can sit down and plan the future of the footballing side of things. We will know better and can obviously have a conversation then."

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

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Sky Bet League 1: Darren Ferguson, Graham Alexander, Steve Cotterill and Paul Cook up for award

Darren Ferguson, Graham Alexander, Steve Cotterill and Paul Cook are the nominees for the Manager of the Month award.

England name team to face Norway and John Stones will start

John Stones has been named in England’s starting line-up for Wednesday night’s friendly against Norway.

Premier League: Louis van Gaal happy with Manchester United challenge

Manchester United boss Louis van Gaal insists he has no regrets about taking the job at Old Trafford this summer.

Mail Box

Reasons To Feel Positive At Spurs...

They didn't complete any big deals on deadline day, but that doesn't mean Spurs fans should be down about their hopes this season. Plus, United fans say farewelbz...

Danny Welbeck - Yes, No And Maybe

And understandably busy Mailbox with the instant reactions with those happy and sad on their club's transfer dealings. On Welbeck, Arsenal, United, Spurs and loans...

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