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Gers players cut wages to save jobs
Rangers' administrators have confirmed players have agreed a wage-reduction deal that has secured jobs at the club.
Duff and Phelps say there are minor issues to be resolved but a deal is in place to keep the playing squad intact and prevent redundancies among the general workforce.
In a statement, joint administrator Paul Clark said: "We are pleased to announce today a package of cost-cutting measures has been agreed with the Rangers playing staff that enables the club to move forward."
Players have agreed cuts ranging from 25-75% while coaching staff have also accepted reductions, while administrators confirmed midfielders Mervan Celik and Gregg Wylde had volunteered to leave the club.
The statement continued: "The agreement on very substantial wage reductions and voluntary departures from the club represents a major sacrifice by the Rangers players.
"The discussions have been lengthy and by no means easy for anyone involved but the most important objective in all of this process has been to achieve an outcome that will help save the club.
"There are a small number of matters still to be dealt with over the weekend but we do not believe these will be insurmountable in the completion of an agreement.
"The players deserve great credit and we are in no doubt that this agreement is the best way to achieve the necessary cost savings to ensure the continuing operations of the club while preserving the fabric of the playing squad.
"The agreement has also directly prevented substantial job losses among non-playing staff both at Ibrox and Murray Park.
"This has been a difficult week for everyone at the club and we are pleased that we can now move forward and focus on the next steps in the recovery process."