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Ally McCoist may have managed Rangers for the final time as Mike Ashley prepares to move to replace him

Rangers set to prepare moves aimed at dispensing with Ally McCoist

Club to make an announcement after Monday's annual general meeting

McCoist steered his side to a 2-0 victory over Livingston on Saturday

Rangers are set to make moves aimed at dispensing with Ally McCoist as manager after Monday’s annual general meeting at Ibrox.

An announcement is expected to be made of Mike Ashley’s intent to underwrite the new £8million share issue, approval for which must be granted by shareholders in order to keep the club operating beyond the end of next month.

With that availability of fresh funding and newly-appointed chief executive Derek Llambias at the controls, Ashley and his lieutenant can begin to impress their stamp on Rangers.

VIDEO Scroll down to see Ally McCoist in a tough Rangers press conference

Ally McCoist could have manager Rangers for the final time against Livingston on Saturday +2

Ally McCoist could have manager Rangers for the final time against Livingston on Saturday

It’s understood the Ibrox board could be prepared to stave off the wave of unrest at the potentially stormy meeting with a solid declaration of Ashley’s commitment and financial way forward.

And the Newcastle United owner could be painted as the stricken club’s saviour if loans of up to £3m already handed to Rangers by him were to be written off.

All of which could mean yesterday’s 2-0 victory over Livingston becoming one of McCoist’s last, if not his final game, in charge of Rangers.

Following a midweek meeting with football board chairman Sandy Easdale and Llambias, McCoist remained as manager for the Championship game at Ibrox. But, if bolstered by a guarantee of cash, Rangers can tackle negotiations over the terms of McCoist’s notice period within the next fortnight in a bid to reach a settlement.

Attention would then turn to his backroom staff, including assistant manager Kenny McDowall, first-team coach Ian Durrant and goalkeeping coach Jim Stewart, as work begins on establishing a new football structure.

That would be preferable to the new men in charge than prolonging the agony of McCoist remaining in control of the squad until as long as next December. Billy Davies remains a prominent contender to replace McCoist in the hotseat.

Ally McCoist gives a status update in tough Rangers press...

 

Mike Ashley is keen to impress his stamp upon Rangers as soon as possible +2

Mike Ashley is keen to impress his stamp upon Rangers as soon as possible

Those manoeuvres will raise the stakes in Rangers’ imminent disciplinary clash with the SFA.

Last Monday, the governing body issued Ashley and the club notices of complaint for allegedly breaching rules related to his increasing influence in Rangers’ day-to-day running.

Ashley steered clear three months ago when then chief executive Graham Wallace went to the market and raised an emergency £3million.

Instead, the Newcastle supremo struck a deal with Hargreave Hale for their investment in order to strengthen his shareholding to 8.92 per cent.

However, he will ensure his shareholding is no more than 29.9 per cent following any flotation, otherwise he would be legally-bound to make a bid to buy the entire company.

Meanwhile, it has emerged Mark Hateley was advised by formerteam-mates to be careful about courting a relationship with the Easdale brothers, Sandy and James — he sat beside them at the recent games at Alloa and Palmerston — months before this week’s revelation of his fall-out with McCoist.

Hateley had phoned Nacho Novo and tried to speak to one current player in a bid to extract information about McCoist’s coaching methods.

The Rangers manager blanked attempts by Hateley in midweek to mend the broken relationship, furious that his old team-mate appears to have joined the boardroom camp of those who are opponents of the McCoist tenure.

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