McCoist enjoys good day on and off pitch

19 December 2012 06:47

Rangers manager Ally McCoist hopes he will be handed some of the cash raised through a share issue to bolster his squad once a transfer ban is lifted.

The Ibrox side announced ahead of Tuesday's 3-0 win over Annan that more than £22million has been raised from professional and institutional investors and supporters. Trading in the shares starts on Wednesday on the London Stock Exchange when the market opens at 8am.

McCoist - who is unable to register any players until September 1 - has been impressed by the backing of fans, who contributed around £5million, and has vowed to spend any cash he receives wisely. The Light Blues boss said: "It was a great day off the park."

He continued: "The fact that it's in the region of £22million, and for the fans to chip in with roughly £5million, I think is absolutely staggering. They've only had the opportunity to do that in the last week or so.

"In the lead-up to Christmas, when finances are tight at the best of times, in a recession, for our supporters to go into their pockets and come up with that money is another incredible show of support for this football club.

"I think the best way I can put it is, the one thing the investors and, certainly, the fans deserve is for their money to be used wisely. And I would certainly hope to have an opportunity to use some of that money wisely."

A crowd of 42,135 watched Rangers move six points clear at the summit of the Irn-Bru Third Division, with a double from David Templeton and an Andy Little strike securing the win. McCoist added: "I actually love the fact the fans keep surprising me. It is unbelievable that on a Tuesday night, we've got 42,000 against Annan. It's just amazing."

The only sour point on a night which saw Francisco Sandaza and Ross Perry both make their returns from injury was a red card for Lee Wallace.

The full-back was dismissed by referee Paul Robertson before Neil Alexander saved Scott Chaplain's penalty to prevent Annan from levelling. On the red card, McCoist said: "My initial reaction was that it was soft. I'll definitely watch it again and reassess and, if I'm wrong, I'll stand corrected.

"But I didn't think it was a foul, let alone a goalscoring opportunity. I've only seen it in the same time as the referee and he's made his decision with, I'm hearing, the help of the linesman. I've made mistakes before with my first viewing of things."

Source: PA