Ally McCoist set to boss Rangers despite his resignation
Ally McCoist will continue as Rangers manager for the time being following his first meeting with the Rangers directors since he handed in his resignation.
McCoist held talks with directors in Glasgow yesterday but the club confirmed that he would continue preparing as normal for their Scottish Championship fixture at home to Livingston on Saturday.
The meeting came hours after Rangers confirmed they were fighting attempts by the Scottish Professional Football League to force them to pay a £250,000 fine for the oldco club's undisclosed payments to players.
Many had expected McCoist to leave following the club's confirmation of his resignation on Monday, but he is continuing to serve his 12-month notice period.
Director Derek Llambias, the former Newcastle managing director who was installed after Mike Ashley strengthened his influence at Ibrox, and club chairman Sandy Easdale, arrived at Ibrox before McCoist left the club's Murray Park training ground in mid-afternoon.
The Rangers manager did not go in either of the main entrances at Ibrox but it soon emerged that the talks had taken place and that McCoist was staying on.
The meeting could not have lasted more than an hour and the uncertainty over his position will be one of many talking points at the club's AGM on Monday.
McCoist claimed he wanted to be Rangers manager for the "foreseeable future" when he rebuffed questions on his resignation following a 2-0 defeat at Queen of the South on Friday night.
But the club stated they would seek an "amicable solution in the best interests of the company" on Monday and that they expected to make a further announcement before the end of the week.
They also announced that McCoist's salary had reverted to £750,000 once the notice period was triggered in another sign that his relationship with the board had completely broken down.
The Rangers board chose the morning of their crucial showdown with McCoist to announce they were fighting SPFL attempts to take the £250,000 fine out of their league income.
A commission set up by the SPL handed oldco Rangers the fine in February 2013 after the club failed to disclose payments worth millions of pounds from 2000 to 2011, breaching league rules.
The commission decided Rangers gained no sporting advantage and stopped short of stripping the club of titles and it appeared the issue was over as the fine was levied on a liquidated company.
But the SPFL claims newco Rangers had accepted liability.
Rangers will also fight another case with the SFA after they and Ashley were hit with a total of five charges relating to the the Newcastle owner's dual interests.