Rangers and Ally McCoist finally reach contract agreement after legal dispute

Ally McCoist today reached an agreement to settle his contract with Rangers

ALLY McCoist has agreed to terminate his Rangers contract.

 

McCoist was still technically on gardening leave after leaving the club December and was being paid his full salary of £750,000 for the final 12 months of his contract.

The 52-year-old oversaw two promotions during his four-year spell at the club and remains Rangers' all-time top goalscorer. 

 

"Without doubt managing Rangers was the greatest honour in my career. It was the dream job but in a nightmare scenario," McCoist said.

"I am absolutely delighted the club now has a stable Board and that the good work off the pitch is being equalled by the performances on it.

 

Ally McCoist managing Rangers

"Most of all I want to express my gratitude to Rangers fans everywhere. They were superb and they backed me and my staff. They also stood firm when their club was in dire straits and even at the bleakest moments they did not flinch.

"They are the heart and soul of this club and no one should ever forget that. Quite simply they are the best."

Rangers chairman Dave King said: "Ally remains one of the most significant figures in this club"s history. His contribution on and off the pitch should not be forgotten or devalued.

"Agreement could have been reached earlier but it has been difficult for us to get an opportunity to sit together and talk everything through. We have done that now and we are grateful for Ally"s continued consideration for the club by accepting early termination- which he was under no obligation to do."