Ally McCoist remains Rangers manager following talks with the board.

McCoist handed in his resignation on Friday and Wednesday was the first chance the board had to meet to discuss his position.

But the outcome of the relatively brief discussions was that McCoist will continue to prepare for his team's next game on Saturday.

Director Derek Llambias, the former Newcastle managing director who was installed after Mike Ashley strengthened his influence at Ibrox, and club chairman Sandy Easdale arrived at Ibrox before McCoist left the club's Murray Park training ground in mid-afternoon.

The Rangers manager did not go in either of the main entrances at Ibrox but it soon emerged that the talks had taken place and that McCoist was staying on.

The meeting could not have lasted more than an hour and the uncertainty over his position will be one of many significant talking points at the club's annual general meeting on Monday.

McCoist claimed he wanted to be Rangers manager for the "foreseeable future" when he rebuffed questions on his resignation following a 2-0 defeat at Queen of the South on Friday night.

But the club stated they would seek an "amicable solution in the best interests of the company" on Monday and that they expected to make a further announcement before the end of the week.

They also announced that McCoist's salary had reverted to £750,000 once the notice period was triggered in another sign that his relationship with the board had completely broken down.

But he looks set to lead the team against Livingston and his presence at the AGM would be an intriguing prospect.