ALLY McCOIST and his Rangers management team have agreed to take a wage cut to help safeguard the club's financial future.
McCoist, who is thought to earn an annual salary in the region of £700,000, revealed that he, his assistant manager Kenny McDowall and first-team coach Ian Durrant all accepted a proposal to reduce their income because "it's the right thing to do".
The gesture comes after interim results posted in March showed that the Ibrox club is making a monthly loss, with full accounts expected sometime in the next few weeks ahead of an annual general meeting at the end of next month.
"The management team have been in negotiations with Craig [Mather, chief executive] and have, in fact, just agreed to take a wage cut," said McCoist. "I didn't feel under pressure to do it. When I became manager of the club I had a contract placed in front of me and I just signed it.
"I didn't look at the wages or the length of contract or anything. I think it's then a little harsh to criticise someone for doing that when you don't know what's going to happen in the future. But I do understand my responsibilities. That's why as a management team we're taking a wage cut - we feel it's the right thing to do and we can help the club in that way. It would be wrong of me to say I'm not worried [about the club's finances] after what's happened to the club. But at the same time it's not something I can have a major bearing on. I listen to the people who make the financial decisions and do my level best to work within the financial restraints they place on me."
McCoist also revealed that Charles Green, the former Rangers chief executive, had "annoyed" him and was more appreciative of his successor Mather. "He [Green] never hurt me [with his comments]," McCoist told Central FM. "He maybe annoyed me but he certainly never hurt me. Charles was being critical of Craig for letting me bring my own players in which just about summed the whole thing up for me. I said to Craig, 'welcome to the club, you're getting it in the neck from Charles as well'. Craig has been more than helpful in his understanding of the situation that we are in at the moment."
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