RANGERS boss Ally McCoist deserves his full pay-off - for standing by the Ibrox club and becoming its figurehead during the dark days of administration.

That was the message today from one of the Gers supporters who tried to get elected on to the board of the stricken Glasgow giants at the AGM last year.

McCoist has come under fire after the SPFL Championship club confirmed he had handed in his resignation and started a 12-month notice period.

A statement released to the London Stock Exchange yesterday read: "During the notice period, Mr McCoist's salary will increase significantly to £750,000 per annum."

Rangers are operating at a massive loss and it was revealed they will need to find £8million in additional funding next year in order to stay afloat.

And the news that the manager, who took a 50 per cent pay cut back in January, is now receiving so much money, has not gone down well with many fans.

McCoist and his legal representatives are set to hold talks with the Rangers board tomorrow in an attempt to reach a settlement.

However, Alex Wilson, one of the "Requisitioners" who attempted to become a director, has no problems with the manager receiving what the Ibrox club offered him.

He said: "I won't fault him for exercising a clause that is in his contract. I don't blame him for taking that. He hasn't got a case to answer.

"Fans have got mixed views on his capabilities as a manager, but nobody can doubt what he has gone through. He has stuck with us through thick and thin.

"The terms of the clause will have been part of the agreement that was made when he took a cut. It must have reverted to what it was before.

"So many people have come and gone at the club and taken huge sums of money. People who have only been there in the short term and who have been guilty of gross ineptitude.

"These are the same people who paid off Brian Stockbridge, Craig Mather and Graham Wallace. These people all had short tenures at the club or had no affection for the club."

Wilson, who worked for multi-national companies BT, Ford, Guinness and ICI during a 40-year business career, was surprised to see McCoist's new salary outlined in the Stock Exchange statement.

And he reckoned the details were included in an attempt to "paint Ally in a poor light".

He said: "I have no idea why that information was included in the announcement to the Stock Exchange as I am not convinced that it would have a material impact on the share price.

"My guess is they would want to make that news to distract attention away from the way the club is being run and paint Ally in a poor light.

"In my view that will fail. The guy is a legend as a player. Yes, there are mixed views on him as a manager. But he has stuck with us through thick and thin.

"My personal opinion is this is designed to deflect attention away from the real issue that is at stake here - the incompetence of the board."