Tag Archives: Bobby Bonilla

Pay Cut for Ally McCoist? Does Rangers’ Boss Have Highest Basic Wage in Scottish Football?

Rangers* do not have financial problems. Their Finance Director made that clear last week. They have £10 million in the bank after all!

But the doubts are still there. When former Directors like Messrs Johnston and King talk of administration, that, especially to Rangers fans, should ring warning bells.

So it was against that backcloth that the press reported Mr McCoist’s willingness to consider whether or not to accept a wage cut, if asked.

Recent criticism of spending at Ibrox has mentioned the salaries of executives and management. Mr McCoist’s basic wage is understood to be £700,000 (plus bonuses). As that was his salary with the now liquidated Rangers, he was entitled to insist on keeping those terms when his employer changed from Rangers Football Club PLC to Sevco Scotland Ltd/The Rangers Football Club Ltd and thence to Rangers International Football Club PLC. Continue reading

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Filed under Administration, Rangers, TUPE