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Sky Sources: McCoist Tenders Resignation


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Just heard on the Radio

No comment from Rangers this evening, but sources close to the board have said "The board have not and will not accept the resignation, Ally will be in charge of the team this evening and going forward".

If its that straight forward why not just say so the source will be JI

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Just heard on the Radio

No comment from Rangers this evening, but sources close to the board have said "The board have not and will not accept the resignation, Ally will be in charge of the team this evening and going forward".

Please tell me that's shite.

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Just heard on the Radio

No comment from Rangers this evening, but sources close to the board have said "The board have not and will not accept the resignation, Ally will be in charge of the team this evening and going forward".

Lot of pish the board aren't talking to ANYBODY.

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What kind of organisation agrees a term of an employee's contract that says if the employee resigns the company will pay him a sh1t load of money? I want one of those. Or one that says the employee can resign but will be able to continue to do his job until he is sacked. None of this makes sense.

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So according to Goram - Ally has resigned but his contract provides for the fact that he will be in charge at the game tonight and for the forseeable future until the end of his contract - unless the board wish to sever said contract.

Contract terms (taken from IPO prospectus)...

The agreement is terminable by RFCL for cause or on 12 months’ notice and by Mr McCoist

on 12 months’ notice.

RFCL has the right, at any time after any notice of termination to suspend Mr McCoist’s

duties or require him to only perform specific tasks or duties. During this period RFCL must

continue to pay Mr McCoist’s basic salary.

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ALLY McCOIST quit as Rangers boss to return the focus of attention to the scandal of the mismanagement of the Ibrox club.

McCoist tendered his resignation to football board chairman Sandy Easdale because recent poor performances of his side were beginning to take centre stage.

The timing of McCoist’s resignation, which was announced just hours before the game against Queen of the South, has surprised many.

However, it’s believed McCoist has been considering his future for several weeks as savage cost cutting and redundancies to long serving staff eventually took their toll.

One source said: “A lot of good people have been leaving Ibrox recently - most of them not by choice.

“I know Ally will be devastated. Rangers are as much a part of his life as he is of its history.

“There has been an increasing level of noise around his position recently and that has deflected attention from the real issues.

“He’s putting Rangers and the supporters first and by stepping back maybe the spotlight might shine on the club and its future - as well as those responsible for its future

“Everyone knows significant funding is required and they will have to provide answers to shareholders at the forthcoming agm.

“The club has been ravaged in recent months. Many people with Rangers at their core have been paid off, as if the wages of a maintenance man or admin woman can even remotely make up for the vast sums of money that have been haemmorhaged from the place these last few years.

“McCoist has been dealing in the tears and heartache of good, honest people, as well as trying to keep a team on track for successive promotions.

“I’m sure he’s aware his side could be better - and losing the recent cup tie to Alloa in the way they did recently was painful.

“However, it can be argued very easily he has been more to keep that club together than anyone else.

“How many managers could cope with administration, liquidation, Whyte, Green, Ahmad and all the rest of them while ensuring the team progresses through the divisions?”

McCoist will spend the festive season and beyond recharging his batteries after the most draining and emotionally bruising period of his life.

The source added: “He is taking a rest and recharging after the most physically and emotionally draining period of his life and career - almost four years.

“However, the club is too big a part of him. He’ll always support them and stand with the fans.

“He believes in them and will continue to do his best by them. It’s important to remember McCoist’s career has been marked by a determination to succeed and win.”

From Ralston at the rhebel.

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Contract terms (taken from IPO prospectus)...

The agreement is terminable by RFCL for cause or on 12 months’ notice and by Mr McCoist

on 12 months’ notice.

RFCL has the right, at any time after any notice of termination to suspend Mr McCoist’s

duties or require him to only perform specific tasks or duties. During this period RFCL must

continue to pay Mr McCoist’s basic salary.

so thats correct then - he has invoked his 12 months notice - and he can see it out or the board can pay him off. Actually fairly straightforward
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