SPFL: Rangers boss Ally McCoist says club's financial problems are 'short-term'
Ally McCoist believes Rangers' long-term future is secure, despite uncertainty over the financial situation at Ibrox.
Last Updated: 24/01/14 4:40pm
The Scottish League One side have reported running costs of up to £1m a month and last December chief executive Graham Wallace warned the money 'could run out by April'.
Last week Wallace asked Rangers players to take a 15 per cent wage cut and has since sought other avenues of cost-cutting after the request was rejected out of hand.
But McCoist, who met with Wallace on Thursday, said: "I think Graham has obviously gone on record as saying the problems that we seem to have, the problems that we are facing, are short-term.
"Graham's went public and has told meetings that I've had that the mid to long-term future of the club he is very, very confident and fairly happy with.
"So I think the financial problems we face would certainly seem to be more short term than anything. What they are and how we handle them is certainly I don't think for me to say. I think that is for other people to say."
Former oldco director Dave King, who is reportedly keen to invest in the Ramsden Cup finalists, has claimed the club needs to bolster the squad at the moment rather than think about trimming numbers.
But McCoist refused to be drawn on the South Africa-based businessman's remarks, claiming: "I have to be 100 per cent honest and say I haven't read Dave's article'
"People who have been involved in the past obviously still care about the club, People like Dave, Paul Murray and Sir David Murray, and I am quite happy they still want to comment on the club.
"They are well entitled to have their views but I can't comment on them. The chief executive is the man I am supporting at the current time, I think I have to do that. He has asked for 120 days and we have to get behind him."