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Rangers manager Ally McCoist is set for crunch Ibrox talks

By Robert Jones

Ally McCoist will meet with the Rangers board on Wednesday as uncertainty over his future as manager of the club continues.

The meeting, which had already been scheduled before reports McCoist had tendered his resignation emerged last Friday, is at least expected to bring some clarity to the situation.

Despite understandings that McCoist actually handed in his notice to the club on Thursday, he has said that he remains committed to Rangers, for whom he scored 355 goals during a 15-year stint at Ibrox, and he was in charge on Friday night when they lost 2-0 to Queen of the South.

It is understood that the board were completely taken aback by McCoist deciding to hand in his notice - particularly the timing of it - and at the time most of them were attending a meeting on London.

"I told the (players before the match) I was the Rangers manager and I would continue to be the Rangers manager," said McCoist.

"I have absolutely no comment on rumours. I can't have any bearing on speculation. I will deal with cold, hard facts."

McCoist's 12-month rolling contract is worth £800,000, but his severance package would be some £1.4m and it is believed that the club isn't in a position to pay him off at this stage.

There is also the issue of how much it would cost to terminate the contracts of the remaining members of the coaching staff should McCoist go.

The club's annual meeting is due to take place next Monday. Questions are sure to be raised about McCoist, unless his position is sorted out in between times.

The manager, however, moved to assure supporters that he intends to be in the dugout to see through the job of getting the team into the Premiershp.

He said: "I can assure (the fans) I am 100 per cent committed on getting them back to the top."

Doing that, however, became an even tougher job after Rangers' defeat to Queen of the South.

Heart of Midlothian are nine points clear at the top of the Championship and they also have a match in hand.

The battle to put Rangers on a stable footing off the pitch is just as tough, though.

The AGM next week will attempt to fill two key positions at Ibrox which are currently vacant.

The club has been without a chief executive and a financial director since both Graham Wallace and Philip Nash left their roles in October.

Newcastle United owner Mike Ashley currently holds the financial power at Rangers. He owns nine per cent of the club and recently gave loans totalling £3m.

Former Newcastle managing director Derek Llambias was put into a position as a consultant to Rangers as part of Ashley's involvement and he could be a key player in whatever decision is made over McCoist's future at the club.

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