McCoist: I've invested more money in Gers
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.