No Job Losses Yet

By Inverness Reds News Staff
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Updated: February 20, 2012

Administrators do not expect to make an announcement on potential job losses at Rangers on Monday.

The Ibrox club appointed insolvency firm Duff and Phelps to run the club last week.

This came as HM Revenue and Customs made an appeal to the Court of Session to appoint an administrator after Rangers failed to pay £9m PAYE and VAT, dating back to Craig Whyte’s takeover last May.

On Monday, a week after Rangers lodged a notice of intention to appoint administrators with the Court of Session, a spokesman for Duff and Phelps said job losses are not likely to be announced yet.

The administrators were expected to make a further statement on Monday in relation to information passed to them at the end of last week by Rangers’ former solicitors, however, later in the day, they confirmed no further update would be given.

This information, which was handed to administrators Paul Clark and David Whitehouse last Friday, was “in relation to various monies and various transactions” at the troubled club.

Manager Ally McCoist revealed last week he will be informed of any cuts to playing staff as a result of the club going into administration.

Mr Clark and Mr Whitehouse previously confirmed that a review of staffing levels across Rangers will take place this week.

According to the last audited accounts released by Rangers in 2010, the club employed 66 football players and 190 others, as well as an average of 45 part-time workers throughout the year.

At the end of a turbulent week for the crisis-hit club, a sold out Ibrox watched their team defeated 1-0 by Kilmarnock on Saturday. This came after the Scottish FA confirmed it was launching an independent inquiry into the club after previous efforts to establish whether Mr Whyte passed the association’s fit and proper person test “has been restricted by the club’s solicitors”.