Is McCoist on mind bending drugs!!!
He is right its not the players fault, they signed the contracts that HE offered them, HE knows how much his wage bill is, what HIS bonus bill is and what HIS own wage is.
HE knows of the £20 million he has spent in 18 months, which will probably be over £30 million come June when bonuses etc are paid for this year.
Not counting for the pre IPO (£13.3 million) and IPO (£22.2 million) shares, he has spent £19.8 million of the £35.2 million income, that's a 56% spend to income not the 27% he mentions, when we take the spend over the full 2 years (Probably exceeding £30 million) with no additional income (Tickets, sponsorship, telly is already paid) that will be 85% of the "Normal" income spent on wages.