Rangers liquidation: Ally McCoist 'to remain as manager'

ALLY McCoist will remain as Rangers manager following a constructive meeting with new chief executive Charles Green, it is understood.

Ally McCoist set to remain as Rangers manager

• Malcolm Murray: McCoist ‘integral’ to club

• New chairman plays down chances of quick sale to Walter Smith consortium

• Rangers were liquidated yesterday as Charles Green bought the business

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The talks took place today after reports yesterday claimed McCoist was on the verge of resigning after discovering Green planned to replace him.

Green’s consortium completed the purchase of the business and assets of Rangers as a newco yesterday after failure to secure a Company Voluntary Arrangement (CVA) consigned the club to liquidation.

It is believed McCoist has now returned to a family holiday that he cut short earlier in the week when administrators Duff and Phelps were informed of HMRC’s plans to reject the CVA proposal.

The sale of the club was completed on a day of drama at Ibrox which ended with former boss Walter Smith leading a rival bid for the stricken Glasgow club.

Smith’s late offer was unable to prevent Green from completing his £5.5million newco acquisition and Ayrshire-born pension fund manager Malcolm Murray was swiftly appointed as chairman of The Rangers Football Club.

Earlier, Murray told BBC Scotland: “We want Ally to commit, then move forward.

“It’s our stated policy that he’s an integral part of the club and he’s been told that.

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“I believe he will be the manager of Rangers next season and we have to make the effort to make that happen. It’s what every fan wants.

“We need to get Ally on board as soon as possible to talk to the players, who are away on holiday just now.”

Jim McColl, one of the members of the Smith-led consortium, last night issued a public appeal to Green to sell Rangers to their group.

However, Murray indicated that a quick sale was not part of the plan, adding: “There is not an intention to flip the club.

“I wouldn’t be involved if there was because I’m here to help mend the broken pieces.

“Remember, Zeus Capital, who are the primary advisors behind this, were Manchester United’s advisor when they floated and they went on to become properly invested in and a global brand.

“These are long term people, rock solid investors.

“They see Rangers as a huge brand that is unfortunately on its knees at the moment.

“The fans deserve a serious apology and an assurance that this is going to be built for the long term.”

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Meanwhile, Green will have to wait until next month before discovering whether his newco will be admitted to the Scottish Premier League.

Regulations require two weeks notice to be given before holding an SPL general meeting, where top-flight clubs will vote on the issue.

The Rangers crisis is likely to be discussed at Monday’s SPL board meeting, however July 2 is the earliest date that a general meeting can be convened for the newco vote.

Dundee United and Aberdeen have followed Motherwell and Inverness in pledging to consult fans over Green’s application to join the SPL with the Dons citing sporting integrity as the main criteria for their decision.