LONDON: Ally McCoist has quit as manager of troubled Scottish giants Rangers and entered a 12-month notice period, the Championship club announced yesterday.
McCoist, a former Rangers striker who had been in charge for two years, stepped down after media reports said he was set to resign amid growing pressure from fans of the fallen Glasgow side.
But despite the announcement, McCoist reported for training as usual at the club’s Murray Park training facility on Monday and was seen guiding his players through drills.
“The company announces that Alastair (sic) McCoist, manager of the first-team squad, has resigned,” Rangers said in a statement to the London Stock Exchange.
“His service contract dated 28 December 2010, which was subsequently amended, has a 12-month notice period.
“The directors will hold discussions with Mr McCoist to seek an amicable solution in the best interests of the company, and expect to be in a position to make a further announcement before the end of the week.” The former Scotland striker’s salary will revert back to £750,000 per year after the 52-year-old took a 50 percent wage cut earlier this year.
Rangers, who have won the Scottish league title a record 54 times, currently play in the country’s second tier. They were relegated from the top-flight Scottish Premiership, which they have traditionally dominated with Celtic, to the fourth tier in 2012 as punishment for major financial problems.
