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Player job cuts moved a step closer at Rangers after the club's administrator failed to accept a union offer of "substantial salary deferrals".
Joint administrator Paul Clark has delayed an announcement until next week after failing to reach an agreement.
The union says it has been told he is "highly unlikely" to accept the offer.
"It remains our members' belief that their offer of wholescale wage deferrals addresses the administrators' goal," it said in a statement.
With the administrators from Duff and Phelps mulling over various options, Rangers manager Ally McCoist has been told that as many as 11 players could be made redundant.
If so, it is understood that there would also be a 50% pay cut deferred until the end of the season.
Continue reading the main story
Another option regarding the cost-cutting measures at Ibrox involves eight players being axed and other players taking an immediate 50% pay cut.
A third option of a 75% wage cut across the board with no redundancies was discussed on Thursday in the first formal meeting between the union and Duff and Phelps.
"Following that meeting, PFA Scotland met with the players during which our members gave the union a mandate to agree substantial salary deferrals by the first-team squad to take immediate effect, lasting until the end of the season," said the statement.
"At yesterday's meeting, the union and their solicitors were concerned that they were only being furnished with skeletal financial information.
"Nevertheless, and despite the lack of visibility on the club's full finances, the players voted to accept significant salary deferrals in the full knowledge that there remains a risk that these sums may never be repaid should the club not come out of administration.
"A further meeting took place today between PFA Scotland, the administrators and their respective legal teams.
"Unfortunately, the administrators indicated that it was highly unlikely that they would be able to agree to our members' proposal and the meeting concluded without agreement.
"It is still our members' wish to reach a consensual position with the Duff and Phelps which will achieve the administrators' objectives, avoid redundancies and ensure that no player's employment is brought to an end in breach of contract."
The union believes its proposal would both achieve short-term cost reductions and assist ongoing discussions with potential investors.
However, BBC Scotland has learned that the club's running costs between now and the end of the season are about £10m and it appears that the administrator does not think the players' proposal would be enough to cover that total.
Describing it as an extremely difficult week for staff and supporters, Clark said: "As administrators, we had anticipated completing our review of staffing levels and cost structure of the Rangers business this week, but the participation of a number of players in international fixtures did interrupt the process.
"In short, the Rangers business is trading at a substantial loss and we have no alternative but to fill an approximate £4.5m shortfall by the end of the season.
"It is therefore imperative that we find savings of approximately £1m per month to ensure the ongoing viability of the business.
"As has been widely publicised, there have been a number of discussions this week in an effort to achieve the necessary cost reductions.
"We are determined that all realistic options should be explored and today discussions have been ongoing with Ally McCoist, who, in turn, has been speaking to his players and the PFA Scotland.
"We would prefer to reach a consensual position. But, as the day has gone on and tomorrow's very important match against Hearts looms larger, it has been agreed that any final decisions have been postponed until early next week."
Another potential source of income for Rangers would be to sell players to countries that still have their transfer windows open and discussions are ongoing with several clubs.
Player job cuts moved a step closer at Rangers after the club's administrator failed to accept a union offer of "substantial salary deferrals".
Joint administrator Paul Clark has delayed an announcement until next week after failing to reach an agreement.
The union says it has been told he is "highly unlikely" to accept the offer.
"It remains our members' belief that their offer of wholescale wage deferrals addresses the administrators' goal," it said in a statement.
With the administrators from Duff and Phelps mulling over various options, Rangers manager Ally McCoist has been told that as many as 11 players could be made redundant.
If so, it is understood that there would also be a 50% pay cut deferred until the end of the season.
Continue reading the main story
“It is imperative that we find savings of approximately £1m per monthâ€
Paul Clark Duff and Phelps
Another option regarding the cost-cutting measures at Ibrox involves eight players being axed and other players taking an immediate 50% pay cut.
A third option of a 75% wage cut across the board with no redundancies was discussed on Thursday in the first formal meeting between the union and Duff and Phelps.
"Following that meeting, PFA Scotland met with the players during which our members gave the union a mandate to agree substantial salary deferrals by the first-team squad to take immediate effect, lasting until the end of the season," said the statement.
"At yesterday's meeting, the union and their solicitors were concerned that they were only being furnished with skeletal financial information.
"Nevertheless, and despite the lack of visibility on the club's full finances, the players voted to accept significant salary deferrals in the full knowledge that there remains a risk that these sums may never be repaid should the club not come out of administration.
"A further meeting took place today between PFA Scotland, the administrators and their respective legal teams.
"Unfortunately, the administrators indicated that it was highly unlikely that they would be able to agree to our members' proposal and the meeting concluded without agreement.
"It is still our members' wish to reach a consensual position with the Duff and Phelps which will achieve the administrators' objectives, avoid redundancies and ensure that no player's employment is brought to an end in breach of contract."
The union believes its proposal would both achieve short-term cost reductions and assist ongoing discussions with potential investors.
However, BBC Scotland has learned that the club's running costs between now and the end of the season are about £10m and it appears that the administrator does not think the players' proposal would be enough to cover that total.
Describing it as an extremely difficult week for staff and supporters, Clark said: "As administrators, we had anticipated completing our review of staffing levels and cost structure of the Rangers business this week, but the participation of a number of players in international fixtures did interrupt the process.
"In short, the Rangers business is trading at a substantial loss and we have no alternative but to fill an approximate £4.5m shortfall by the end of the season.
"It is therefore imperative that we find savings of approximately £1m per month to ensure the ongoing viability of the business.
"As has been widely publicised, there have been a number of discussions this week in an effort to achieve the necessary cost reductions.
"We are determined that all realistic options should be explored and today discussions have been ongoing with Ally McCoist, who, in turn, has been speaking to his players and the PFA Scotland.
"We would prefer to reach a consensual position. But, as the day has gone on and tomorrow's very important match against Hearts looms larger, it has been agreed that any final decisions have been postponed until early next week."
Another potential source of income for Rangers would be to sell players to countries that still have their transfer windows open and discussions are ongoing with several clubs.
