Rangers manager Ally McCoist is confident that the club will survive after being forced into administration this week.

The Glasgow giants have been taken over by administrators Duff & Phelps as they face a potential tax bill of £75million but after meeting with the clubs new operators, McCoist moved quickly to ease the fears of the 'Gers supporters and players who have been hit with a 10-point deduction in their quest for a fourth straight title.

"We will be doing everything to make sure Rangers come out the other side far better and far stronger," he said.

"There's no getting away from it. It has been a very disappointing and black day.

"We have 140 years of fantastic history at this club but the most important thing is that we look to the future, the next 140 years.

"Going in to administration obviously wasn't ideal but it's the opinion of many people that it might be the best thing for the club.

"Everybody at this club wants the club to continue, which it will do, that's for sure. This might just be the best way forward."

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