Ally McCoist resigns from his post at Rangers

Jack Kitson by Jack Kitson / 15 December 2014, 10:09

Ally McCoistRangers have confirmed that Ally McCoist has resigned from his post at Ibrox, however the Scot will reportedly remain in charge of the Gers as he enters into a 12-month notice period. Meanwhile the cash-strapped club have rocketed the 52-year-old's salary up to 750,000, which is nearly double of what he was previously on. Further talks are now scheduled on Wednesday between the club's directors and McCoist, with the former seekin an amicable solution.

On Friday news broke that McCoist had tendered his resignation, just hours before the club's Championship clash with Queen of the South in Dumfries. The flurry of rumours led to a lack of certainty, which ultimately had a negative effect on the players, as Rangers went on to suffer a surprise 2-0 defeat, leaving them nine points behind league leaders Hearts.

McCoist, who has previously said he will not walk away from the club, has stated that he hopes to remain in charge for the foreseeable future, however it is not yet known what the future holds for both the club and their record goalscorer. Meanwhile the Next Rangers Manager Market reveals that the likes of Terry Butcher, Stuart McCall, Billy Davies and Dennis Wise are all in the frame.

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