Saturday, March 10, 2012

Rangers players agree to take pay cuts

Associated Press Sports

updated 6:16 p.m. ET March 9, 2012

GLASGOW, Scotland (AP) -Administrators for Rangers say several players have agreed to cut their salaries by up to 75 percent in an effort to help save the financially stricken Scottish club.

Joint administrator Paul Clark did not disclose the names of the players or how many have agreed to the cuts, but said the measure will help prevent more layoffs at the club this season.

Clark said in a statement that the players are making a "major sacrifice" that "enables the club to move forward."

The statement also confirmed that midfielders Mervan Celik and Gregg Wylde have volunteered to leave the club.

Also on Friday, former Rangers director Paul Murray confirmed that his Blue Knights consortium are finalizing an offer to take over the club in partnership with supporters groups and Ticketus.

? 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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