by Liviforever Mon Dec 15, 2014 3:15 pm
Durnford wrote: Liviforever wrote:Just our luck fat salary resigns before our game.
Aye; but with 12 months notice.
It's a weird resignation where they have to pay him his full salary and he may even still be their manager for 12 months. BBC has this as their options.
"During the notice period, Mr McCoist's salary will increase significantly to £750,000 per annum."
BBC Scotland's Richard Wilson says there are four options now open to the cash-strapped club:
•Leave McCoist in place to work out his notice;
•Pay McCoist his 12-month salary in full and release him;
•Reach a financial settlement that suits both parties;
•Put McCoist on leave for 12 months and appoint a new manager.
Rangers remain in a fragile financial state.
The club reported £8.3m losses last month and need to raise a similar amount in January to keep the business going for the next 12 months.
Hopefully it will tip them over the edge and they go bust and get a 34 points deduction for going into admin. Then all their big earners leave and they have to manage with a youth team and a transfer embargo in place.