Ally McCoist will remain as Rangers manager for the immediate future following his first meeting with the Scottish Championship club's directors since he handed in his resignation.

McCoist held talks with directors in Glasgow on Wednesday and the club say he will continue preparing as normal for their second tier fixture against Livingston on Saturday.

"Ally's here and we're looking forward to Saturday to the game," Sandy Easdale, the chairman of the Rangers football board, told BBC Scotland.

Many had expected McCoist to leave following the club's confirmation of his resignation on Monday, but he is continuing to serve his 12-month notice period.

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.

But the club wanted an "amicable solution in the best interests of the company".

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.

The meeting came hours after Rangers confirmed they were fighting attempts by the Scottish Professional Football League to force them to pay a £250,000 ($391,282) fine for the old club's undisclosed payments to players.