Rangers confirm McCoist resignation

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Published: Monday 15th December 2014 by The News Editor

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Ally McCoist’s time as Rangers manager appears to be up after the club told the Stock Exchange he had resigned.

Three days after reports first surfaced that McCoist had offered his resignation, a statement on Monday morning confirmed he had tendered it.

A 12-month notice period has now been triggered, with the club saying they will now hold talks with their record scorer.

In the meantime, the 52-year-old’s wage, according to the statement, is increased to £750,000 per year.

The statement read: “The company announces that Alastair McCoist, manager of the first team squad, has resigned. His service contract dated December 28, 2010, which was subsequently amended, has a 12-month notice period (“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. During the notice period, Mr McCoist’s salary will increase significantly to GBP750,000 per annum.”

Published: Monday 15th December 2014 by The News Editor

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