Ally McCoist has revealed that he invested ‘a few quid’ in the latest Sevco share deal.
The former Question of Sport skipper was one of the founding fathers in the club in 2012 buying up penny shares alongside Charles Green, Imran Ahmad and Brian Stockbridge.
While those three investors have taken their pay-off’s and quit their front line jobs McCoist still enjoys his £800,000 salary and the package of benefits that come with the post.
Last week’s share issue should see the club pay back loans to Mr George Letham and Mr Sandy Easdale as well as meeting the September payroll and paying the bonus for chief executive Mr Graham Wallace who used to work for Manchester City.
The club has still to publish it’s accounts for the year to June 2014 but amid fears that auditors Deloittes will issue a going concern warning McCoist announced that he had bought into the latest share offer.
 “I did invest,” he revealed as he previewed tomorrow’s League Cup tie against Inverness Caley Thistle. “Without going into too much detail, I just thought it was the right thing to do.”
Asked how much he had invested he added: “It depends how you would look on it as substantial. A few quid, yes.”
McCoist snapped up 1,000,000 penny shares in July 2012 and shortly afterwards told fans that Green was someone he could work with and trust. In December 2012 supporters bought shares at 70p a pop.
“The best way to put it is that he is actually doing what he said,” McCoist said of the big ‘anded businessman from Yorkshire in December 2012. “Our support and staff have to be encouraged that he is backing up what he said he’ll do. And that’s not something we’ve had recently, so that has to be encouraging.
“He’s come in and all of a sudden the staff have got somebody, the staff have got somebody that they can see is fighting their club’s cause, so that has to be positive.”
If McCoist had taken up his full allocation in the share issue it would have involved spending £60,000. Neither Mr Dave King or Mr Mike Ashley invested in the share issue.