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Rangers facing cuts to squad to ensure survival

Photo dated Nov 10 2011 of the gates to Ibrox Stadium in Glasgow, Scotland, home of Rangers soccer club. Scottish champion Rangers has gone into financial administration, triggering a 10-point deduction that will leave rival Celtic 14 points ahead in the title race. The Glasgow club, which has won the domestic title a national-record 54 times, made the decision because it faced an estimated bill of 49 million pounds ($77 million) in a protracted tribunal case with British tax authorities. Photo dated Nov 10 2011 of the gates to Ibrox Stadium in Glasgow, Scotland, home of Rangers soccer club. Scottish champion Rangers has gone into financial administration, triggering a 10-point deduction that will leave rival Celtic 14 points ahead in the title race. The Glasgow club, which has won the domestic title a national-record 54 times, made the decision because it faced an estimated bill of 49 million pounds ($77 million) in a protracted tribunal case with British tax authorities. (AP Photo/ Danny Lawson/PA)
February 16, 2012
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GLASGOW, Scotland—The financiers trying to save Scottish champion Rangers have talked to the players about possible cuts to the roster.

The team, which includes Americans Carlos Bocanegra, Maurice Edu and Alejando Bedoya, has been told it will be paid on time.

The Glasgow club was forced to seek bankruptcy protection Tuesday because of tax debts of $14 million accrued in nine months. But the administrators say they have already received "several expressions of interest" from people looking at investing.

Joint administrators Paul Clark met the players and manager Ally McCoist on Thursday.

Clark says he told them a "review of staffing, including playing staff, would be necessary as part of the process."

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