Thursday, February 16, 2012

Rangers facing cuts to squad to ensure survival

Associated Press Sports

updated 11:26 a.m. ET Feb. 16, 2012

GLASGOW, Scotland (AP) -The financiers trying to save Scottish champion Rangers have talked to the players about possibly cutting some of them from the squad.

The Glasgow club was forced to seek bankruptcy protection Tuesday due to tax debts of 9 million pounds ($14 million) accrued in nine months.

Going into financial administration led to Rangers being docked 10 points by the Scottish Premier League to fall 14 points behind leader Celtic.

Joint administrators Paul Clark met the players and manager Ally McCoist on Thursday.

Clark says he told them a "review of staffing, including playing staff, would be necessary as part of the process." But he says the players would be paid on time in February.

Clark says "we do not think liquidation ... is a likely outcome."

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 This material may not be published, broadcast, rewritten or redistributed.


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Source: http://nbcsports.msnbc.com/id/46399375/ns/sports-soccer/

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