Ally McCoist insists there is no chance of Rangers sacking Philippe Clement with a lack of cash to pay off the Belgian the number one reason.

But the Light Blues strike legend revealed he expects to hear major breaking Ibrox news of “long overdue” boardroom changes after it emerged over the weekend that ex Manchester United supremo Patrick Stewart is set to be appointed the club’s new chief executive and Greenock-born Tory peer Malcolm Offord on the brink of being named permanent chairman.

The pressure has been ramped up on Clement after Rangers fell ELEVEN points behind Celtic in the Scottish Premiership table but the club are set to stick by him for now. The Light Blues travel to France to face Nice in the Europa League on Thursday, with McCoist travelling to the Cote d’Azur on media duty.

But the 62-year-old doesn’t believe the axe will fall on ex Monaco boss Clement with the Belgian only signing a contract at the start of the season to keep him in Govan at least until 2028. McCoist was quizzed by talkSPORT breakfast show co-host Jeff Stelling on the situation and he said: “It won’t happen (sacking Clement) for a number of reasons. The first one being I don’t think they can afford it.

“I don’t think they’re in a financial position to do it. But it’s been poor. I didn’t go to the game on Saturday, but the boys did and they said they were miles off it.

Ally McCoist on talkSPORT

“It’s going to be a struggle to finish second, they’ve got a cup final coming up against Celtic who had another great result at the weekend.

“It’s going to be a long period to be brutally honest. I’m going to Nice on Thursday, so it’s not all bad! But changing the manager ain’t going to happen. I stuck up for him, and it’s factually correct that the uncertainty above him hasn’t helped. Yes, of course, results haven’t been good enough. I think there’s going to be news breaking today about changes in the board and personnel above him, which is long overdue.

“Hopefully that will come which can give them a bit of stability to turn things round about. But they ain’t catching Celtic this season sadly, and it breaks my heart to say that.”

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