Rangers is a bigger club than Newcastle, says Ally McCoist as reports claim Magpies want Gerrard
Former Rangers manager Ally McCoist insists Steven Gerrard is working for a "bigger" club than Newcastle following reports the Premier League side want him as their new manager.
Magpies owner Mike Ashley is on the hunt for Rafa Benitez's replacement, with sources in the north east claiming Newcastle are "confident" of securing Rangers manager Gerrard to succeed his former Liverpool mentor.
If Ashley does move for the Light Blues boss, it will set him on another collision course with Gers chairman Dave King, who is still embroiled in a long-running court battle with the Sports Direct tycoon over Rangers' retail contracts.
But Ibrox favourite McCoist does not believe Gerrard - who has already dismissed links to Derby this week - will be swayed by a move to St James' Park.
Asked if he would say that moving to Newcastle would be a step up or a sideways move, McCoist told talkSPORT: "I think Rangers are a bigger club. I think Newcastle play in a far better league. That's the way I see it at this moment in time.
"You know what I think of north east football, I absolutely love the people of the north east and I love the football in the north east, but what kind of step would it be for Steven Gerrard?
"They're both massive clubs. They're actually similar clubs in terms of their support.
"I think they've got absolutely fanatical support. Great support. Best supporters in the country I feel, so I'm not sure where I'd sit on it to be honest with you, but I'm not sure right now it would be a great move for Steven Gerrard, because he certainly has unfinished business at Rangers.
"I wish Newcastle all the very best in their search for a new manager, but leave ours."
McCoist admits he can only see Gerrard leaving Ibrox for a return to Anfield.
"Good managers and good coaches get headhunted," said Gers' record scorer. "I would probably say the same regarding Steven as I would Frank Lampard. The timing is not really perfect I wouldn't have thought.
"I think everybody automatically sees Steven going down the same route that Frank looks as though he's going down himself and that is a return to the club that you became a hero and a legend at.
"I think football people should honour their contracts."
Gerrard has made seven signings so far this summer with Charlton's Joe Aribo becoming the latest recruit.
His former Liverpool colleague Martin Skrtel has re-emerged as a potential target and McCoist believes the Ibrox boss needs to start targeting ready-made recruits if they are to topple Celtic this season.
Giving his verdict on Gerrard's business so far, he said: "One or two of the signings might not go right into the team. They need a couple of signings that would do that.
"Martin Skrtel could be one of them. Whether he's still got it - I'd hope so.
"Rangers signed Bruno Alves before, a top, top-class centre-half, but that didn't really work out."
Meanwhile, Gerrard said Aribo can become a better player at Ibrox after the Rangers boss finally secured the signing of the Charlton playmaker.
Aribo has been top of Gerrard's wish list for most of the summer and the Light Blues manager has now got his man on a four-year deal, subject to international clearance.
The highly-rated 22-year-old was targeted by Celtic at one point, as well as Premier League outfit Southampton, but Londoner Aribo has chosen to put his trust in former Liverpool skipper Gerrard.
Having watched his new recruit help drive the Addicks to promotion to the Sky Bet Championship through the play-offs, Gerrard believes even better things lie ahead.
Gerrard, whose club will have paid a compensation fee of around £300,000 to land Aribo, said: "There were a lot of clubs in for Joe around Europe, in the Premier League and the Championship.
"There was a lot of interest in him, but for me it's just another top player joining Rangers.
"He's mobile, dynamic, can burst past a player and create and score goals. There is room for him to develop, but he'll give us something we've not got in the midfield department.
"He's left-footed, which is something we don't have in our midfield at the moment, so he'll give us more balance. We have a good midfield, but currently we don't have a player with Joe's characteristics.
"He is tall, athletic and quick. He's a box-to-box player and is not afraid to open the door when he gets around the box and he can unlock defences.
"We're confident we can turn Joe into an even better player and I'm really looking forward to working with him.
"He's still young and we firmly believe there is a lot to come from him, but we need to be patient in order to allow him to continue his development and to improve as a player with the club."
Charlton boss Lee Bowyer criticised Aribo's decision to move to Glasgow earlier this week, insisting staying in England would be better for his development.
But he took a more diplomatic approach after news of the deal was confirmed.
"We're disappointed to see Joe go," Bowyer said.
"He has come on a lot as a player over the last 18 months.
"I'd like to thank him as he played a big part in our promotion season and wish him the best going forward.
"We will all be watching him and hope that he can go on to play at the highest level possible."