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Rangers are in financial trouble. They've had points deducted and have been urged to cut a lot of their costs. In doing so, they've had to axe a number of current players including youngster Gregg Wylde. Bolton made a bid in the area of £400,000 for him over the summer but Wylde had at that point committed his future to Rangers.
Wylde took the decision to walk away in order to help others, saying: "I volunteered to walk with no redundancy package today to help the other people in the club who have families, like the kitchen staff.
"I offered to walk away yesterday and the club told me today that they would accept that offer. At the moment I have nowhere to go and I don't have another club.
Gregg Wylde is currently 20 years old (for a few more weeks) and has 5 appearances under his belt for the Scotland U-21s. He prefers the left wing where Ryo Miyaichi and Martin Petrov are currently stationed. He looks a promising young talent but Bolton would likely face a fight for him as there are surely a lot of other clubs interested.