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McCoist: I've invested more money in Gers

By Ronnie Esplin

Rangers boss Ally McCoist has confirmed he spent "a few quid" on buying up shares in the club's open offer this month.

The club raised £3.13m in their latest rights issue, falling short of their £4m target, but McCoist revealed yesterday afternoon that he dipped into his own pocket to invest.

Rangers announced that several plc directors had increased their shareholdings – most significantly James Easdale, who purchased 215,606 of the 20p shares.

The Ibrox board had set a minimum target of selling 15 million shares and exceeded that by 667,860.

McCoist – who already owned over a million shares, giving him a stake of just under two per cent – said ahead of tonight's League Cup tie with Inverness: "I did invest. Without going into too much detail, I just thought it was the right thing to do."

Asked if he had ploughed a "substantial" sum into the rights issue, he replied: "It depends how you would look on it as substantial. A few quid, yes."

Rangers prepared for tonight's second-round clash with Caley Thistle by putting on what McCoist felt was his side's best display of the season.

Raith Rovers were beaten 4-0 at Stark's Park on Friday, and the Light Blues' confidence levels were only increased when John Hughes' men were toppled from the Premiership summit after losing 3-1 to Partick on Saturday.

* Scottish FA compliance officer Vincent Lunny is looking into allegations that Celtic's Aleksandar Tonev racially abused Aberdeen full-back Shay Logan, Scottish FA president Campbell Ogilvie has announced.

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