Hardly surprising that the players have rejected the concept of a wage reduction.

Just over a year ago, and only days after the IPO cash had landed, Mr McCoist makes his move.

http://www.scribd.com/doc/201292857/One-year-ago

Not only was he looking for a return to his former salary level of £750,000 (reduced to £600,000 for 6 months) he also demanded a refund of his previous deductions amounting to another £62,500.

It is interesting to note Alistair requested that his salary be concealed. Whilst privacy of financial matters should be afforded, it's not on to deliberately mislead the fans and potential investors. His £200,000 masking attempt was rightfully denied.

Charles later confirms that the club has no option but to accept the pay rise and arrears.

http://www.scribd.com/doc/201293323/Charlie-Says

One final point. Ally received 1 million shares at a price of 1p each (anticipated float price of £1.20 - £1.50). At this moment in time I have no confirmation that the £10,000 payment has been made. Perhaps, and similar to Charles, this deduction will be made from his final salary?

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