GLASGOW, Scotland (AP): Glasgow Rangers administrator Paul Clark says there has been interest from the United States and the Far East in taking over the financially stricken Scottish champion.

Mass redundancies were avoided on Friday when all players accepted wage cuts of up to 75 percent for the rest of the season, while two players, Mervan Celik and Gregg Wylde, left voluntarily.

Clark says administrators are hoping to whittle the takeover interest down to “serious bidders” by the end of the week.

Rangers was forced to seek bankruptcy protection in February after a long-running dispute with tax authorities, triggering a 10-point deduction for the 140-year-old club and effectively handing the title to crosstown rival Celtic.

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