ALLY McCOIST believes only massive investment will solve the problems that continue to pile up at Rangers.
The club legend, who left Ibrox two years ago, made it abundantly clear Dave King and his board must find cash from somewhere or forget about closing the gap to Celtic.

Rangers are adamant the non-arrival of Ross Wilson, who had been targeted to fill the Director of Football role, will not distract them from pushing ahead in their efforts to appoint Pedro Caixinha as Mark Warburton’s successor.


McCoist said: “I actually don’t think the manager is the biggest thing needing sorted out. It goes a lot deeper than that.

“The club needs investment. I don’t think it’s rocket science. I know a lot of people talk about Directors of Football and all that.

“I just think that is absolute nonsense. It has nothing to do with Directors of Football. It’s about players on the park and the club needs investment to get that.

“In 2007, Walter Smith went back to Rangers after Paul Le Guen. He spent around £2million on Carlos Cuellar, the same on Steven Naismith, Steven Whittaker and Kevin Thomson.

“Davie Weir we got for free. Daniel Cousin came in. Steven Davis arrived initially on loan and then we spent £2million to sign him.

“Within a year, the club was in a UEFA Cup final. Celtic thoroughly deserved their title, but, with the greatest of respect, that run probably cost us the title.

“Until there is investment, I think we will be having this conversation next year and the year after”

Ex-boss and club record scorer McCoist said: “It’s just a fact the club needs financial investment.

“In my last year before it was announced I was leaving, I think we had 25 games. We won 19 of them. We beat three Premiership teams and never lost a goal.

“Have we moved on? Were we good enough then to challenge Celtic? No chance, absolutely no chance.

“I don’t think the goalposts have moved that much. Until there is serious investment I think it will be the same.
”You can do that within your means. Of course, I don’t want to put the club in any jeopardy like it was in before. I think there were special circumstances for the club going into administration and liquidation.

“There was the crash. I know for a fact the debt at Rangers Football Club at that particular time was 100 per cent manageable.

“There were alternate motives or reasons for the club going into administration and liquidation.
“As you know the vast majority of clubs run at a debt. Rangers’ was manageable then.”

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