In a statement published this evening, Duff and Phelps said: “Everyone involved in the administration process has been attempting to reach a consensual solution in regard to job losses within the playing squad. The prime reason for this has been to achieve essential cost savings while preserving the fabric of the first team.
“This has not been an easy balance to strike and we would like to thank the manager Ally McCoist, his players and the PFA Scotland for attempting to find a solution that would be workable for all. Every realistic option is being explored.
“Regrettably, it has not been possible thus far to reach a consensus where players could accept the necessary level of wage cuts to prevent job losses within the squad. We do not for a moment criticise the players for this as the wage reductions that would be required are very substantial and would have a significant impact on each individual.
“For clarity, we cannot enforce wage cuts. The players have to agree to this course of action. The players have asked us to consider a final proposal overnight for discussion in the morning and we have agreed to this request.”
Meanwhile the administrators have agreed a deal with Dunfermline FC to pay part of the outstanding ticket money of £84,000 today with the remaining balance due by the 13th April 2012. This agreement has allowed the Pars to pay in full the outstanding wages owed to staff for the month of February.