Rangers boss Ally McCoist able to strengthen squad
Published 26/04/2014 | 11:00
Rangers boss Ally McCoist "will" be handed cash to strengthen his squad – even though Ibrox chief executive Graham Wallace admits the League One champions' wage bill is "well in excess" of what it should be.
Wallace has carried out a 120-day review into the Glasgow giants' books and decided the club can afford to sign new players ahead of next season's Championship campaign.
That's despite the club burning through over £67m in the last two years.
Wallace claims he has re-jigged the club's chaotic business model and has now put them on a three-year route aimed at reclaiming the Scottish title from Celtic.
McCoist has been linked with several targets in recent weeks - including former Light Blues striker Kris Boyd, Motherwell defender Shaun Hutchinson and St Mirren's Kenny McLean – and Ibrox chief Wallace has now given him the green light.
He said: "Ally and I are in constant dialogue about his assessment of what the squad needs and from my side, the financial capability to be able to support that.
"He will have funds available, he will be able to strengthen the team and he will be looking at where he wants to make those changes."
However, Wallace has criticised the decision to allow the first-team manager to sign nine new players last summer.
In his review document, he claimed predecessor Craig Mather and the then board "should have known that it could not afford" so many new arrivals and the £10.4million it has paid out in player wages in the 18 months up to December.