Ally McCoist's resignation adds twist to Rangers' sorry tale
Manager's resignation along with boardroom dramas have alienated fans and hampered club's efforts to return to the top flight in Scotland
Ally McCoist's resignation as Rangers manager is the latest storyline in a long-running saga that has overshadowed the club in recent years.
McCoist's decision has triggered a 12-month notice period in his rolling contract which will see his annual salary nearly double to £750,000 (HK$9.1 million).
He had volunteered to take a 50 per cent wage cut in October last year but his salary will rise again following an agreement he struck with former chief executive Graham Wallace.
Absolutely. I'm the Rangers manager and that will hopefully be the case for the foreseeable future
As a player, McCoist sealed his place as a club legend.
The club's record goalscorer, he was an integral part of the Rangers side who won nine titles in a row as they dominated Scottish football in the 1990s.
However, his time in charge at Ibrox has coincided with the darkest days in the club's history off the field coupled with mixed results on it.
The former Scotland striker took over in the summer of 2011 after serving a four-year apprenticeship under Walter Smith which saw the club win three league titles in a row.
However, the club soon entered administration in February 2012 over an unpaid tax bill after the short, but chaotic, reign of Craig Whyte.