SPL - No redundancy news at Rangers

Thu, 01 Mar 14:14:00 2012

Rangers' administrators will not make an announcement on Thursday regarding job losses at the club.

Rangers fans - 0

Reports suggested a number of first-team players were set to be axed as part of the cost-cutting process.

However, an announcement on redundancies will not be made until Friday at the earliest.

A statement from the administrators read: "Duff and Phelps, the administrators of Rangers Football Club, advise all media there will be no announcement [on Thursday] in relation to staffing levels in any department of the club.

"Discussions are ongoing regarding potential cost-saving measures and announcements will be made at the earliest opportunity, most likely [on Friday]."

Meanwhile, Dunfermline have vowed to pay their players' remaining February salaries within 10 days after Rangers' financial crisis sparked cash flow problems at East End Park.

The Pars have approached the Scottish Premier League after Rangers' plight resulted in a shortfall of £84,000 in ticket revenue from the teams' match in Fife on February 11, three days before the Glasgow club went into administration.

The deficit meant "it has been necessary to part pay the club's February salaries to all staff, including management and players", Dunfermline confirmed.

The Pars host Motherwell on Saturday which will help ease the current situation by bringing in much-needed funds.

Dunfermline chief executive Bill Hodgins said: "By Monday all staff will have received 80 per cent of their salary and we will be in a position to pay the remaining balance within 10 days.

"Our staff are aware that this situation is out of the club's control and they have been extremely understanding and supportive.

"In the meantime the Scottish Premier League are in constant dialogue with the administrator at Rangers in order to try and secure payment of our ticket income of £84,000 that was due on February 21, 2012."

Dunfermline revealed an annual loss of more than £430,000 for last year after paying £185,000 in bonuses following their promotion to the Clydesdale Bank Premier League.

The Pars are currently three points adrift of 11th-placed Hibernian at the foot of the standings and have four wins from 29 games this term, all of which have come away from home.

PA Sport

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