Young French and Greek defenders Sebastian Faure and Ansetsis Argyriou have earned contracts and it’s expected there will be further additions as McCoist attempts to bolster his squad.
The Ibrox club have of course no option but to push the boat out now in terms of snapping up new signings as part of their agreement to gain membership of the Scottish Football Association dictates they will be barred from the making acquisitions in the following two transfer windows.
Rangers have no doubt already a squad capable of winning the Third Division at a canter but McCoist is still keen on pursuing possible new players to add with former Dundee United midfielder Morgaro Gomis and Malmo forward Daniel Larsson being linked to the Glasgow giants.
However there has been one name who has been revealed as a new man who will be part of the new Rangers and will probably be just as important to the revival of the clubs fortunes and that is Arif Naqvi.
He may not be pulling on the boots but the Dubai based businessman will be expected to help Rangers to restore their financial credibility after pumping around a much-needed £2 million pounds into the Ibrox coffers.
The Pakistani is the chief executive of private equity firm Abraaj Capital and now the biggest single shareholder with a stake of 23% of the clubs shares.
The news has been greeted with a cautious welcome from the Rangers support who have slowly but surely been convinced that Charles Green is not another charlatan like Craig Whyte and may well deliver on his promises.
Green assured fans of the Govan club he would be announcing who was investing in the club at a time when many questions where being asked and suspicions being raised about his and his fellow consortium members intentions being raised.
During his short tenure as Rangers chief executive the brash Yorkshireman has been unafraid of speaking his mind challenging the collective wisdom and motivations of those who run the Scottish game.
To the outsider his comment about the decision to punish the Ibrox club for their financial mismanagement being driven by ‘bigotry’ as been a tasteless attempt to try to win over the Rangers support.
At their first match of the season Green was also seen applauding as the Rangers support chanted about their contempt for SFA chief executive Stewart Regan so it seems only a matter of time before he is awarded honorary membership of the clubs most vocal group, the Blue Order.
And last Saturday he was strutting his stuff around Ibrox akin to PT Barnum, taking the mic before kick off declaring his enthusiasm for Rangers and disrespect for the governing bodies.
Now you can say what you like about his style but it’s certainly proving productive in terms of ensuring fans of the Light Blues will not be abandoning their club during its time of need as season ticket sales have now reached the 36.000 figure.
Indeed an amazing 49,118 packed into the stadium for the clubs first ever match in the lowest tier of Scottish football against East Stirlingshire, a stat which hit the headlines.
Of course it’s very early days in the rebirth of the blues but already the signs are promising that Green, McCoist and now Naqvi may be planting the building blocks which could see Rangers hit the heady heights again.
Indeed it could be sooner rather than later if talk of yet another reconstruction of the Scottish game is to be believed.
But lets not touch on that thorny subject until next week.
Written by Robbie Devine