Rangers’ Scottish Premiership rivals Hibs have taken the decision the majority of their full-time staff, including players amid the domestic league shutdown.
The decision to furlough the staff comes after Celtic revealed they were going to furlough staff on the British government-funded initiative earlier in the week.
In a statement on the Easter Road club’s website, chief executive Leann Dempster revealed the decision was taken by mutual consent and with the intention to “protect this club for the future”.
“The Chairman has said that the club will repay any shortfall in earnings over an agreed period once things return to normal.
“The club hopes that taking this action early will ease some of the cashflow pressure we are facing now and in the coming months, allowing us to see this national crisis out without losing any of our people and keeping the club in a good place to compete when football does return to Easter Road.”
A number of Scottish clubs have been forced to take action amid the domestic league shutdown with Hearts asking all staff to take a 50% wage cut and Aberdeen predicting a £5m loss.
Outgoing Rangers chairman revealed that planned investment had been put on hold during the domestic league shutdown but the club has moved quickly to assure fans plans to secure the necessary funding for the season are “well advanced”.
Dave King had the press talking with his comments on planned investment but Rangers have assured fans necessary investment is well advanced. (Photo by Ian MacNicol/Getty Images)
It’s not just in Scotland where clubs are feeling the financial implications of a lack of football, with teams across the UK and Europe introducing measures to support their long-term future.
Whilst similar will be true of Rangers club insiders have urged fans to “ignore the narrative” [Four Lads] that the club could be in grave financial danger as a result of the league shutdown.
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