Takeover could yield cash boost for McCoist

08 April 2011 18:00
Rangers manager-in-waiting Ally McCoist could be handed a bigger than expected transfer budget for next season if Craig Whyte succeeds with his takeover, Press Association Sport understands. All parties involved with the deal are hopeful of a resolution before the end of next week, with all sides believed to be keen to push the buy-out over the line. Whyte officially announced his intention to make a bid for Sir David Murray's controlling stake in November and completed his due diligence almost two weeks ago. A source close to the deal told Press Association Sport: "He (Whyte) wants to get the right deal for Rangers and for the manager and players, as well as the right deal for the fans, who deserve nothing less. "That's why things are taking the time they are because Craig Whyte is determined that, if the deal goes through, as much cash as possible goes into the club and into the squad. That's been his goal from the start." It has been well-documented that Whyte planned to invest £25million in the playing squad over five years - £5million per year - but he is sympathetic to appeals for a larger initial input of cash to strengthen the squad. It is now understood that McCoist - who will take over the helm at the end of the season - could receive more than £5m initially to give an urgent boost to the squad.

Source: PA