SPFL: Rangers boss Ally McCoist backs Ibrox chief's five-year plan

Wallace and McCoist: Five-year plan 'right for Gers'

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Rangers boss Ally McCoist believes it could take another five years before the Scottish League One side are able to mount a genuine challenge to Celtic.

Speaking to delegates from three Rangers supporters groups on Thursday, the club's chief executive Graham Wallace said there was no quick fix for the current Division Two champions.

Wallace revealed he intends to draw up a five-year plan for Rangers with the ultimate aim of giving their Glasgow rivals a run for their money in the race for the Premiership title, as well as targeting a place in Europe.

And McCoist, whose side boast a 23-point advantage at the top of the table and are cantering to their second successive league title, has thrown his weight behind Wallace's vision.

"I would have thought that was about fair, yeah. I would agree with Graham there," he said.

"He has been completely honest with everybody and if he said a five-year plan has been put in operation then I think we should respect that."

Asked if his side could repeat this year's title stroll in the Championship next season, McCoist said: "I don't have us down as any guarantees to be back in the Premiership next year, assuming we win promotion this year.

"Hearts are a good side and if we look at the top of the Championship now, there are Dundee, Falkirk and Hamilton doing very well.

"So if we are lucky enough to go up this year, there are absolutely no guarantees that we will do the same next season. We will just have to take it one step at a time."