Rangers boss Ally McCoist insists he has been told his job at Ibrox is safe. This follows reports suggesting he could follow chief executive Graham Wallace out of the club following the acceptance of a £2m loan from Mike Ashley which strengthens the Newcastle owner's influence at the Glasgow club.
McCoist claims he has been given assurances by PLC chairman David Somers and Sandy Easdale - chairman of the club's football board - that he will not be replaced.
"Having spoken to both gentlemen, they have confirmed to me that they want me to continue my job as Rangers manager and, as you would expect, to concentrate my thoughts on the game [against St Johnstone in the League Cup quarter-final] tomorrow night," he said.
"I'm obviously saddened by the departure of Graham. The news of Mike's involvement is good news. Of course it is good news. I've said all along the club needs investment, so we've got it. Change is always a concern but I have been told that this change is moving the club forward, which is absolutely fantastic."
