Rangers goalkeeper Allan McGregor has denied allegations that he refused to accept the club's administrators' wage cut proposal.

It emerged yesterday that the administrators, from London firm Duff and Phelps, were close to agreeing a wage structure that could prevent redundancies in the stricken club.

While it is believed that a number of players have yet to agree to the proposal, McGregor has been quick to refute reports that he is one of them.

The 30-year-old's solicitor Margaret Gribbon of Bridge Litigation said in a statement: "Contrary to some media reports Allan has not refused to accept a salary reduction.

"These allegations are false and Allan has instructed me to make clear if these allegations are reported as fact he will have no option but to resort to legal action.

"Allan along with many of his fellow players is committed to making personal salary sacrifices to ensure the club survives. Allan has and will continue to extend his full co-operation with the administrators at this very difficult and challenging time for the club."

Gregg Wylde and Mervan Celik have become the first players to quit Ibrox in order to help solve the financial crisis.