BBC - McCoist 12 month notice accepted by Rangers board
Something doesn't work for me; according to that article McCoist was making £750,000 a year (£14,400 a week gross), took a cut down to £375,000 (£7,200 a week gross) but will now be back on £750,000. Assuming he pays
income tax as he should, by my calculations he was earning £362,573 after taxes, took a cut down to £156,323 after taxes but will now be back on £362,573 again having served his notice.
Now, we can all talk about how much money is 'enough' and if someone offers you that much money you'd be a fool not to accept it but am I the only one thinking that McCoist is being greedy and disrespectful of the club's needs if he's taking home around 150k a year before sponsorships and bonuses? If Rangers are in dire straits and he really does care and wants to help the club out, surely he'd work for less than that? "It's not about the money, it's about the club" or some old cobblers like that. He
is a club legend after all and even their record goalscorer, I think.
By comparison Denis Smith was Wrexham manager 2001-07 and for the last two years of his tenure he worked without a contract and could have walked at any time with no legal consequences. Some of our signings during the 2000s also worked on expenses and without a wage or salary, such as
Marius Røvde.
While McCoist's figures are tame by English Premier League standards, it reminds me still of similarities faced by Portsmouth when they had the farcical situation of their on-field player salaries, not including bonuses and not including ground or admin staff, being 130% of their revenue. Tal Ben Haim was on something like £60,000 a week but refused to take a voluntary redundancy for the good of the club. He wasn't a club legend in any context but McCoist is and I can't help but feel there are still a lot of trough fillers at Rangers; they still have the second highest wage bill in Scottish football after Celtic.
