McCoist set for £30m warchest

Ally McCoist is in line for a record breaking £10m transfer warchest that could rise to £30m!

The boast came from Charles Green as he basked in the glory of the newco share issue.

Running costs seem negligible despite the upkeep required for Ibrox and Murray Park with Green and his fellow directors also picking up handsome salaries and bonus packages.

Season ticket money as well as the income from the share issue will find it’s way into the transfer kitty once the registration embargo is lifted in September 2013.

“In the presentation we did when we were selling the shares, we said that, of the £22m, £10m is put to one side for Ally,” Green told Sky Sports.

“Of course, we can’t buy players at the moment, we can’t do that until January 2014 but between now and then, we’ll also have another season’s worth of season ticket sales so the cash position will increase. We’re not saying it’s £10m and only £10m.

“If Rangers fans, as we expect, come out and buy their season tickets next year, there is perhaps another £20m there and that is a fantastic position for the manager, the club and its fans to be in.

“When we are allowed to go into the market, this club will take the right players and take the right action. This is definitely the springboard for the rebirth of Rangers.”

Despite the flood of money being made available to McCoist Green is on record as saying that players wages will be no more than 33% of total income.

Whether that promise goes the same way as earlier ones to rename Murray Park, launch a kit deal with adidas or a commercial tie up with Dallas Cowboys remains to be seen.

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