I'll wrap up this eight-hour marathon now. Many thanks indeed for so many texts, tweets and Facebook comments on yet another dizzying day in the Rangers story. Thanks for your company. All the best.
We'll have Ally McCoist's post-match comments on the BBC Sport website as soon as possible. It's a confusing picture for the Rangers fans that can, probably, be summed up thus: Ally McCoist has tendered his resignation to the Rangers board, which, by dint of his rolling 12-month contract, means that he has in effect handed in 12 months' notice to Rangers unless they want to pay him off in full or, by way of some sort of compromise, in part. McCoist says that he plans to be the Rangers manager "hopefully for the foreseeable future". His team have won two of their last six matches.
Bellso, Glasgow: "I feel for Ally he has been a legend for Rangers but i think his timing today was out of order before an important match. He should do the right thing now after the announcement and just walk before he is pushed. Your a legend Ally and you always will be thanks for the great years and all the best."
Stevie, Motherwell: "Why all moaning by the media yet nothing about Queens winning? Well done Queen of the South, a part time team too great result!"
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A dejected Rangers fan trudges away from Palmerston. Automatic promotion looks difficult at this stage with Hearts able to move 12 points clear if they win at Cowdenbeath tomorrow.
Ally McCoist completely refused to comment on his position at Rangers other than to say he expects to be there in the coming weeks.
Ally McCoist: "No excuses - performance not good enough. We'll look at it tomorrow morning and we'll move on."
In his post-match media conference, Ally McCoist says he expects "100%" to be back at work tomorrow, as if nothing has changed.
Rangers boss Ally McCoist tells BT Sport: "The buck stops with the manager. Hearts are absolutely firm favourites. I think the fans will get some clarity (over the next few days) - I can't comment myself. I'd like to thank the supporters. They did not get a performance tonight. There's promotion to be played for. It looks as if there's a confidence crisis. We can do a lot better than we did tonight."
Asked how he would sum up his time as manager, McCoist replied: "Eventful."
And is there more to come? "Absolutely."
Marty in Viewpark: "I feel so sorry for Ally with what he has had to put up with after taking over. If anyone deserved a break it's him. He's had one hard job since the start. Whatever you do Ally I wish you all the best mate. Hope you don't go though but who would blame you."
Queen of the South manager James Fowler
"We were different class. I think we controlled it from start to finish. The difficult thing is picking the team. Holt surprised me with his free-kick. I don't think I've ever seen him hit one like that even in training! Rangers did have that wee spell in the second half. That's why we brought on Derek Lyle. If we come to the end of the season and we're in the top four we'll be delighted."
"The manager has shown too much faith in them (his players). I think this comes back to an inherently cautious approach by McCoist. He was let down by certain players tonight."
Colin Armstrong: "If McCoist doesn't leave he will make us an even bigger laughing stock! He has to go to give us a chance of making playoff #bbcscotfootball"
Text from Glenrothes: "As much as I feel for Ally McCoist there is no manager in their right mind would have signed Boyd or Miller for Rangers and they would have got rid of McCulloch. They are well past it and should never wear the blue jersey."
Sportsound host Richard Gordon points out that coming through the bottom two divisions Rangers lost just three out of 72 matches but in the Championship they have already lost from out of 16 matches.
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Gavin Reilly scores Queens' second goal of the night, giving Steve Simonsen no chance.
Thanks to my colleague Kenny Crawford, who informs me that tonight's goalscorers for Queen of the South - 21-year-olds Kevin Holt and Gavin Reilly - are both from Dumfries and both came through the club's youth system.
Just a few minutes to go at Palmerston. It will be just two wins from their last six games unless Rangers can score three times.
BBC Scotland football pundit Derek Ferguson
"I think one or two (Rangers players) have already chucked it and they're feeling sorry for themselves."
Stevie Hannan: "It's all well and good disparaging McCoist, but where is the on-field leadership for Rangers just now? Where will it come from in the future?"
Dylan from Bearsden: "If Rangers are losing 2-0 against Queen of the South, they are in for a thrashing against Celtic playing against the like of Stokes, van Dijk and Guidetti." To be fair to the Doonhamers, Dylan, they are playing some pretty decent football.
Hearts head coach Robbie Neilson is watching on from the stand. As things stand, his team will remain nine points ahead of Rangers at the top of the Championship, with Queens four points further behind.
Nicky Clark is fouled by Craig Durnan with a body check on the edge of the box. Kris Boyd's free-kick is deflected away from goal and confident Queens retain their two-goal lead as some Rangers fans head for the exit.
dg35hy: "It's not the manager of Rangers that should resign it's the so called players that should, they would not get a game in a Sunday league."
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The smile that had returned to Ally McCoist's face at kick-off won't have lasted long as his team have been caught out by two fine Queens strikes.
Now here's a stat and a half: a colleague tells me the last time Queen of the South beat Rangers at Palmerston was in 1956. A 2-1 win, in case you need that for a festive pub quiz.
Andy Dowie gets up well to head a powerful attempt at the Rangers goal but Ian Black is well positioned on the goalline to turn the ball out for a corner.
John: Wonder what the weekly wages bill is at QOS?
Anonymous: "I conducted some research at work today and the only ones worried about SA's (Super Ally's) departure were other supporters concerned Gers might get a decent manager. He is a Rangers legend but sticking around longer will just mean he continues to degenerate in everyone's perception. Sometimes you need to walk away. He has tried and we thank him but it is time to get back to punditry."
Gavin Reilly rifles a peach of shot in off the post to double Queen of the South's lead over Rangers, who had begun to look the more likely team to score. But Reilly's excellent movement got him clear of the Rangers central defenders and he was left with a few seconds to blast home from 18 yards.
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The Doonhamers celebrate Kevin Holt's free-kick that opened the scoring at Palmerston Park.
BBC Scotland football pundit Craig Paterson
"Queens haven't looked like the same team in the second half. The change of personnel seems to have put them on the back foot."
Derek Lyle comes on for Queen of the South to replace John Baird, whose effort if not finesse is warmly applauded by the home fans as strolls off.
Rangers sub Kris Boyd slams his fist into the palm of his other hand in frustration as he connects too weakly with a snap shot in a crowded Queens box. Rangers have half an hour to find a goal or two.
Richard Foster stretches his legs with a great run into the Queens half but his pass for David Templeton, on as a sub for Dean Shiels, is too strong and rolls out harmlessly. At the other end John Baird is set up by Iain Russell and smashes a shot a foot wide of the Rangers goal.
John Baird is late with a challenge on Rangers captain Lee McCulloch, who takes a swipe at the Queens striker as he gets back to his feet. The pair are booked by Andrew Dallas.
Nico: "The Rangers players say they are behind McCoist. What better time to show that than in the next 45 mins and get him a win before he finally stands down?"
Nicky Law shows a bit of drive and ambition as he sashays through the Queens defence and hits a left-foot shot that is parried by Zander Clark. The ball falls to Kenny Miller but his shot is panicky and mis-hit and trundles wide.
BBC Scotland's Alasdair Lamont: "Tellingly, in another desperately poor first half from Rangers, there have been no chants in support of McCoist from the visiting fans."
Rangers midfielder Ian Black seemingly makes the most of a challenge by Andy Dowie. He's back up and running now, though... In fact, I've just seen a re-run and there appears to have been contact right enough - apologies.
Cameron Henderson: "If Rangers go 12 points behind Hearts tomorrow will people actually take Hearts title challenge seriously? #bbcscotfootball"
BBC Scotland reporter Richard Wilson has written a piece on the reasons for Ally McCoist handing in his resignation notice at Ibrox. A source told the BBC: "This is not him walking away. He has just handed in his notice. He needs some time out to recharge his batteries, but he will continue to help Rangers and Rangers supporters as much as he can."
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Kevin Holt fires in the opening goal with a cracking free-kick for the Doonhamers midway through the first half.
Patrick, Aberdeen: "So Ally has offered to walk for a pay off because people at the club have been made redundant - yeah right! PR puff piece. Do you think we came in on the last tide Mr Wilson? Ally is playing a game of chess. There is no integrity or higher level ethic at play - something has happened at Ibrox today and Ally is playing games."
Anonymous: "Ally McCoist unfortunately has become a pantomime villain but like me, and I'm a Celtic fan, I'm sure all honest football fans want him to stay in the game at Ibrox."
Former Rangers players Jorg Albertz, Steven Thompson and Derek Ferguson give their reaction to the news of Ally McCoist handing in his notice at Ibrox.
John Baird claims for a penalty as he tumbles in the box under a challenge by Darren McGregor. There was contact between the players but the lively Doonhamers striker had lost control of the ball and Rangers keeper Steve Simonsen was already mopping up as he hit the turf.
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Ally McCoist cuts a relaxed figure at Palmerston as he and Rangers coach Kenny McDowall chat on the touchline.
Nico: "My grandmother could have steered Rangers through lower divisions, full-time pro's against part-timers. Ally deserves credit for sticking by the club and always trying to be positive in unimaginable conditions, but he can do no more. Time to step down. Terry Butcher will be announced as replacement in next few days."
Zander Clark is all at sea at a Rangers cross and when a second high ball comes into the box moments later the Queens goalie stays on his line. Bilel Mohsni out-jumps his marker and really ought to have hit the target with his header but nods over the home side's crossbar from 10 yards.
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Chairman of the Rangers football board Sandy Easdale and his younger brother James, a Rangers director, take in the match at Dumfries.
BBC Radio Scotland commentator Rob Maclean
"How much have the day's events played on the minds of the Rangers players?" It would seem pretty heavily, judging the performance so far.
A cross from the right is missed completely by Rangers centre-half Bilel Mohsni and Iain Russell is caught off guard when the ball comes his way - he scuffs a shot wide from six yards.
Rangers are under more pressure, with skipper Lee McCulloch scrambling to shin a cross out for another corner. Iain Russell heads the delivery back into the centre and Rangers defender Bilel Mohsni prods the ball towards his own goalkeeper.
Bang! What a strike by Kevin Holt from the free-kick 20 yards out. Steve Simonsen had no chance in the Rangers goal as the ball flew into the top corner.
Darren McGregor slips on the edge of the box and can consider himself fortunate not to be sent off as he throws up an arm to stop a cross falling to an unmarked Queens player. Ian McShane lines up the free-kick...
Rangers fans are entitled to be rather puzzled. Ally McCoist seems in good spirits, smiling broadly in the technical area in Dumfries. His pre-match remarks suggest he's either playing it cool and saying all the right things about wanting to stay to guide Rangers into the top flight, or has merely given 12 months' notice and genuinely wants to see his time out, or feels a weight has been lifted off his shoulders and is enjoying turning the tables on the Ibrox board, knowing they have no immediate source of income to pay him off. It's certainly intriguing... But what if Rangers lose further ground to Hearts in the league? What then?
Veteran striker Kenny Miller blasts a shot a foot over the Queens crossbar.
John Baird, in midfield for this move, sends Iain Russell scampering down the right. He leaves Dean Shiels for dead and cuts into the Rangers box but his powerful shot is aimed too directly at Steve Simonsen.
Fraser Aird for Rangers and John Baird for Queens are causing bother down the right flanks. They are both seeing a lot of the ball.
Rangers defender Darren McGregor concedes a corner, which Ian McShane clips in to the box but it is cleared with ease. His second delivery is no more threatening and Rangers clear their lines.
BBC Scotland football pundit Craig Paterson
"The home side look sharper out of the blocks."
Gavin Reilly slides in to meet John Baird's low delivery across the Rangers six yard box and is a fraction away from an early opener. At the other end Jon Daly heads wide Fraser Aird's cross in a crowded Queens box.
Richard Foster makes an early foray down the left for Rangers as the match begins sprightly.
Kenny Miller and Nicky Law kick off the match at Palmerston.
Queen of the South are in their customary blue shirts while Rangers are in red.
"The staff who lost their jobs were not high earners - among them were the long-standing secretary to the manager and a groundsman - and McCoist came to feel that he should hand in his own notice.
"He is aware that some board members have long wanted him replaced, and McCoist wanted to take the initiative himself, rather than wait for others to eventually decide his fate. If the board keep him in place, McCoist is comfortable with the challenge of trying to gain promotion and remains confident he can guide the team to that ambition."
Ally McCoist made just one change to his side with Jon Daly replacing Kris Boyd up front. Lee Wallace was expected to return from an ankle knock but personal matters saw him miss out for the fourth game running.
We're six minutes away from kick-off in Dumfries.
Hmm, this is a bizarre scenario. Ally McCoist "hopes" this will not be his last match in charge? A change of heart? Unlikely. A desire to stay in post for a final year to work his notice? Perhaps.
Rangers manager Ally McCoist tells BT Sport: "I've been completely focused on the game tonight." He says he has "no idea" if this will be his last match in charge for Rangers. "I hope not," he adds. "My job is to get a team ready. I can assure the Rangers fans I'm 100% committed to getting Rangers into the top flight. I'll continue in my job and hopefully get them back into the top flight. We firmly believe we can put pressure on Hearts."
Anonymous: "Hearts came down from the top division and finished last season well, Rangers came up from the bottom, that was always going to be important. I'm a Celtic fan who thinks McCoist has handled the whole thing brilliantly. He should stay."
Queen of the South: Alexander Clark, Dowie, Durnan, Higgins, Holt, Carmichael, Kerr, McShane, Russell, Baird, Reilly. Subs: Kidd, Paton, Dzierzawski, Lyle, Atkinson, Hooper, Kiltie.
Rangers: Simonsen, McGregor, McCulloch, Mohsni, Foster, Law, Aird, Black, Shiels, Miller, Daly. Subs: Smith, Templeton, Clark, Boyd, Faure, Hutton, Robinson.
Referee: Andrew Dallas
John Mac, a Celtic supporter: "I think Ally has done a decent job the last few years given what he had to work with, the man's an idol, blame the owners, probably Ashley. You are a legend in Scottish football, Ally."
Liam, Bathgate: "Honestly, it's like Groundhog Day with you guys. Rangers have no money and WILL NEVER be the same club again. They will need 100 million plus just to even steady the ship. They need 8 million to survive a year, if, and there is a huge opportunity they won't, Rangers don't go up they will not survive it's simple. Ally knows this and knows people are now losing jobs as the club continue to ship money. Until the mainstream media open their eyes and see Rangers for what they are, a dying carcass, the game in Scotland will never get better. Less than 20000 on Saturday, a squad filled with ageing anti stars and a boardroom filled with charlatans, why do you still continue to make the entirely predictable, newsworthy? Flogging a dead horse springs to mind."
Anonymous: "Re Sandy MacKenzie/Dougie Kinnear/Jim Shaw, do you actually believe that any money Ally waived would go to help others less fortunate!! Dream on. His settlement won't be what brings the club down, the boardroom mismanagement is the cause. Ironically I think Neil Lennon will empathise with Ally as the c**p being spouted is similar to what he endured. So-called lifelong fans should hang their heads in shame not shake them in bewilderment with the statements they're making."
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Rangers fans greeted Ally McCoist warmly in Dumfries this evening.
The adverse weather has claimed tomorrow's Scottish League Two match between Elgin City and Berwick Rangers. It has been postponed.
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Ally McCoist was with the team on the club coach as it arrived at Palmerston Park in Dumfries.
Charlie, Glasgow: "Ally McCoist is a very rich man, if he is holding out for compensation it is a disgrace!"
Andy D in Killie: "Ally a Rangers man. Hypocrisy - he pays top dollar for players to beat part timers, earns ridiculous amount of wages then crocodile tears at redundancies. Ally is culpable and shame on you so-called journalists for not calling him out on it. You are too craven to read this out."
Anonymous: "This is a two fingers to the board, Ally is showing his poker face, either get rid of me now and pay me off, or let me do my job til the season end. I for one can't blame him. Sometimes things are more important than the on-field action. A manager who has been taken for a ride and held the club together by himself for far too long has finally had enough. Who can blame him?"
BBC Sport at Palmerston
"I don't think this was on his mind a few days ago. I think something has happened. The whole inside of Rangers has changed. I think he has reached a crossroads and it's a call-your-bluff situation. There are more questions than answers with this story."
Former Rangers midfielder Derek Ferguson
"He's been spooked by something. Something has pushed his buttons and he has reacted to it. The pressure you come under as an Old firm manager is intense. Is Mike Ashley trying to have an input into the football side of things? Something must have happened behind the scenes with interference. Ally is a shrewd character. With Ally handing in his notice, how do you motivate the players? Some of the guys on the pitch tonight will be out of contract in the summer. Some of the players might down tools."
Former Rangers captain Craig Paterson
"I was genuinely surprised at the news. I did not see it coming. You wonder what has happened behind the scenes that has made him make this decision. Maybe they are targeting his area to make savings at the club. The onus is now on the board of directors to make some sort of financial settlement to allow Ally and the club to move on."
Sandy MacKenzie: "Astounded by all those promoting the 'integrity' and 'honour' of McCoist. If he was, as they paint him, genuine then surely he walks away (they do apparently after all) at no cost to the club he loves so much thus leaving cash to pay the staff he feels do much for?"
Lewis, Edinburgh: "Another sad day in the depressing saga. I suspect McCoist has had enough of being the public face and fall guy. He's done an impossible job to the best of his ability."
Liam, Glasgow: "Can't believe that Rangers fans are falling for this rubbish. McCoist is walking away just as things get tough and is looking to be the latest in a long line of people to get a golden handshake from this shambles of a club. Make no mistake he has done very well during these past 2 years. He has achieved the bare minimum given the squad he could field and has still presided over some really horrendous results. If he had any respect for Rangers he would stay and fight for their league position or he would walk away for free."
Graeme Smith, Dunfermline: "Really feel for McCoist. He took charge of Rangers in a turbulent period and has guided them to Scotland's second tier. Given a bit more time and the backing of a strong board I feel that within a couple of seasons we would be back challenging for the top league. Rangers are an institution and need to be successful. I back Ally and hope that he remains in charge."
David Benzie: "McCoist has now become a lame duck manager. He can not continue managing the team and he knows it, as does the board. The players will not react well to a manager whom they know will leave after 12 months. Why should they play hard for him if he is leaving? McCoist has, in effect, forced the board to buy him out. He should, as someone else posted, refuse the money, and write a book."
"There's no chief scout, there are 12 players out of contract in the summer. This is a club that doesn't have its problems to seek. It doesn't tend to work when players know a manager is leaving."
"I think the idea that he will be there for the next 12 months is ridiculous. Are they going to waste the next 12 months with a lame-duck manager?"
Our reporter Alasdair Lamont is at Palmerston. He says McCoist smiled at some Rangers fans as he stepped off the team bus.
What will the mood be in the Rangers changing room at Palmerston this evening? Defiance? Embarrassment? Determination? We'll continue the live text commentary right through the Scottish Championship match in Dumfries this evening. A win for Rangers would lift them to within six points of leaders Hearts. Queens are currently in third place.
"If Ally McCoist had been sacked, he would be due more money than if he handed in his notice. The ideal scenario for Ally would be to take Rangers up in the summer and call it a day then. He would have served the club. 'We don't do walking away', that statement, has almost hung round his neck."
"If he was to leave now he would be open to the accusation that he had left Rangers in the lurch. He has handed in his notice, that contractual obligation is for 12 months."
Chris Mayhead at Palmerston Park: "Come on Rangers. Let's circle the wagons here in Dumfries."
BBC Scotland's senior football reporter Chris McLaughlin says that Ally McCoist handed in his resignation yesterday. He says: "Rangers are left with a man in charge who they can't afford to pay off."
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Ally McCoist embraces Paul Gascoigne after the England midfielder scored a late penalty against Aberdeen to help clinch the 1995/96 league title for Rangers.
Ally McCoist is quoted on the Rangers website looking ahead to his team's match against Queen of the South tonight. He says: "Every team can do more - it doesn't matter whether it is Rangers or Real Madrid.
"We set out to win games and the best way to do that is scoring goals and playing attractive football.
"To win games is our job but it is also to put on a good footballing show.
"The most important thing from my point of view is the team's performance on the park and the results.
"Whether there are 1,000 people watching or 50,000 the job is still the same.
"You've got to focus on going out and getting results and winning games of football - that can't change and it won't change."
Scott Matthew, Dunfermline: "Another day in the life of the shambles that is RFC! McCoist should just walk away without taking a payment or any hush money and make money from writing a book about what has gone on during his spell at the club. Despite his managerial failings he would still be considered a Rangers legend for doing this. Well played though as this has shifted any focus from the playing field to that shambles of a board!"
Anonymous: "Gutted. No other words to describe it. A true Rangers legend having his hand forced by the club he loves. He deserved so much more not just from the club but some sections of the support as well. The sad fact is many of the people who criticised him over social media have no idea what he did and achieved for the club he loved."
Paul: "Appalled by some comments of Rangers fans. McCoist is a man of integrity who could have just walked away when the troubles began but stayed because he loves the club. How soon some people forget but sadly not surprised."
Dougie Kinnear: "To show support for people losing their jobs Ally will only stay in his for 12mths & £400k, unless they pay him off! #bbcscotfootball #noble"
Tonight's match for Rangers against Queen of the South in Dumfries should be intriguing. As is stands, McCoist has in effect given 12 months' notice that he will be leaving, such is the terms of his 12-month rolling contract. The board will not remove him from his post immediately as it is thought the club doesn't have the funds to pay off the remainder of his contract.
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Ally McCoist assisted Walter Smith with the Scotland team and followed him to Ibrox when Smith replaced Paul Le Guen in 2007.
Jim Shaw, Dundee: "McCoist is well at it here and has only his self-interest at heart. He must've known that most of the Board were in London so he springs this on the club at about 1230 on the day of a game. He has gone right downhill integrity-wise in my estimation. Yes he was under pressure but much of it was down to his lack of tactical nous and his inability to be tough enough on the players to at least get them physically fit. Ally was never a manager, but always a hero and always a Ger, or so I thought until today. He should walk away whether his resignation is accepted or not as he cannot possibly pick up the pieces from this position. Those of us who are lifelong fans can only shake our heads yet again as the Club continues to flounder."
"Ally McCoist handed in his notice after becoming increasingly concerned and saddened by administration and ground staff losing their jobs. He had also been assured that no employees at Murray Park would be affected, only for some to then be told they would be losing their jobs. He will serve out the 12-month notice period, unless the board settle his contract or put him on gardening leave.
"He's had enough of seeing decent, honest people with Rangers in their heart losing their jobs," a source told the BBC.
John: "Rangers making things difficult for themselves yet again. If they had any brains, they'd be dangerous."
Jenni in Newtownards: "Imagine what would happen, and how good Rangers would be if they all stopped fighting and squabbling with each other in the boardroom and actually focused on the football!"
Andy in Armagh: "Yet more madness at Rangers Football Club. When will it all end?"
Fiona, Edinburgh: "I had the number 9 as a player because of Super Ally. He will always be a Rangers legend but the board need to do the right thing for everyone and let him go. Will always be a better manager than PLG. Before you criticise him, walk a mile in his shoes - not an easy job and the club has not made life easy."
Jack Henderson: (re 16:40) "#bbcscotfootball Steven Thompson talks a lot of sense McCoist has done brilliant given the circumstances."
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Ally McCoist was lauded by the Rangers fans for sticking by the club as they entered administration in 2012.
David: "It was a shock. I thought he might have stayed on for next season but if we get another decent manager we should be all right in the long run. All the commotion with the people taking money out the club, we need to get the club back on track again. The guy is an absolute Rangers legend. He has taken us all the way up from Division Three and we have a chance to get back into the Premiership."
Male fan: "I'm not shocked. I suppose it's the best thing in the long run. He was brilliant. I don't think he could do any more. He was good for Rangers. He was brilliant as a player but not as a manager. He has done his best and you've got to give him credit for that. I wish him all the best."
And from earlier today, Celtic manager Ronny Deila believes Kris Commons is "taking a risk" if he sticks rigidly to his demands over a new contract. Commons, 31, has been at Celtic since 2011 and is believed to want a two-year extension, rather than a one-year deal.
"Negotiation is to try and get an agreement and when you go into the media you have to be strict - this is normal procedure," said Deila.
Deila insists the midfielder had not been offered a one-year contract.
In other news, this time across in the east end of Glasgow, Celtic have announced that Shunsuke Nakamura will return to the stadium on Sunday and will take a bow in front of the fans.
"What an unseemly mess this has become. Ally McCoist and the Rangers board are in a stand-off and nobody can be sure who will blink first. You'd hesitate to give McCoist advice, but if he's had enough of life in this job then he should quit and announce that he is not talking a penny in compensation, unlike so many others in the abject tale of Rangers' demise. From the moral high ground he could announce that's he going to write a book and will expose some of the things that have gone on in the last three years. A last act for which the fans will love him forever."
David Burgess: "If Ally goes then bring in Butcher to shake this shambles of a team they call themselves Rangers players."
Tony Kerr: "If Ally walks who would ever enter that cauldron?"
Robert Adamson: "Been coming but what is left behind. A club close to administration and a squad of overpaid underperforming players who have little or no quality and are clearly heading for second best in the Championship. Rangers FC are shambolic on and off the field and the fans are talking with there feet. 29,000 but actually 20,000. Can it get much lower?"
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"I'm shocked. I know there has been a lot of criticism of Ally but I think the job that he has done in the last couple of years has been sensational in the face of unbelievable adversity. I know people criticise the way Rangers play but it's very difficult to play attractive football when teams come and park the bus.
"I feel he has done what he was asked to do, which was to get Rangers promoted in two successive seasons and he was on course to do it again.
"I'm very disappointed for Ally because I feel he got criticism, which was deserved a wee bit in terms of some of the results, but the players have to have a part in that as well. I feel sorry for him. I think he deserves more respect than he has had in recent times. He deserves more."
bringthemonjpn: "#bbcscotfootball I think Ally has made this gesture to see if it will inspire Big Boydie to knock in a few goals...we will see...."
Kenny Hodge: "#bbcscotfootball Ally, walk away with your head held high. trouble ahead."
John: "Load of fuss over nothing. McCoist won't go. He's just looking for sympathy vote. #bbcscotfootball"
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BBC Scotland's Alasdair Lamont tweeted this picture of the Rangers players boarding the bus at Murray Park to head to Dumfries. However, it is not clear whether Ally McCoist was on board. If the board has rejected his offer to resign, you imagine he must be in charge of the team tonight so as not to be in breach of his contract.
Here's a run-down on Ally McCoist's career as a player, manager...and actor.
Thomas Woods: "I am today firstly saddened that it has come to this, but more over disgusted by the Rangers "fans" treating Ally in the manner that they have . Get the feeling that this storm has just begun to rear its ugly head... More to follow no doubt. #SuperAlly #DontAttendDontSpeakOut"
Iain, Elderslie: "McCoist hasn't just managed the team. He's held what is left of Rangers together over the past years. I fear for the club if he goes!"
Alex Hood, Aberdeen: "I think Coisty has called the Board's bluff on this one. They have been threatening to take action and sack him, now he offers his resignation and it appears they are backtracking. Just shows how weak and clueless they are."
Anonymous: "As much as I idolise him, Ally was inept as a manager. I am however almost inclined to renounce my staunch atheist beliefs to take to praying that McCall and / or Butcher aren't being lined up. I have a great affinity for both - but come on, head over hearts: they have dire records. Billy Davies is realistically the best man for the job."
"I'm shocked that it's happened but some of the decisions that Ally makes leave you baffled. The other week at Alloa, David Templeton, a left winger, we play him on the right. Before the game at Tynecastle we hadn't been losing goals and we change the whole back four. That's not the reason we got beat but some of the things the management team McCoist, McDowell, Durrant do, you just shake your head at times. People are using that as an excuse not to go to games. We'll see if the crowds pick up but I think they are just fed up. It's sad that a Rangers legend has been put into this corner. As a player his record speaks for itself but as a manager, it's been a hard time for the club, he was in a no-win situation. The two leagues that he won he was expected to win."
"I was a wee bit shocked when I found out. I'm going to the game tonight and I was a bit gob-smacked. After reading about not having the Christmas party and stuff, the club is being pulled down to the gutter. He's coming in here and his friends are getting paid off and I think he's got to the stage where enough's enough. I don't think he's coming in here and getting any clue what's happening. It's the same with the fans. We're being pulled from pillar to post. I think this will mean some of the supporters will go also. Ally has been the main man for the last few years and the fans have got behind him. The last few games it's been like a morgue. He's been holding the club together. It's horrendous. I wish him well."
Patrick Sweeny: "Well done Ally McCoist, surprised you stuck it out this long. Rangers loss will be the Nations gain, cant wait to see you on the TV again as a football pundit and please dont ever lose your sense of humour as you are a true Glaswegian Gem! Your loyalty to Rangers was second to none and they should hold their heads in shame once again. You are a footballing legend and deserved better but you will always be a True son of Glasgow. King Kenny, King Ally."
Ross MacPherson: "So has he left already or given notice he won't renew his contract." (As it stands, it's the latter, with the onus being on the board to pay him off or, as they have done, refuse his resignation.)
Keith Bowie: "As a lifelong fan, I'd like to thank Ally for his dedication to Rangers through good and bad. Stuart McCall, come on down!"
John Murray: "Thank god, clueless one dimensional tactics from him and he has went the same way as John Greig, a legend as a player but not cut out to manage the club."
Or, from McCoist's point of view, is this a back-me-or-sack-me move? Again, this seems unlikely, but it puts the ball in the board's court. As things stand, McCoist is to take the team's match in Dumfries this evening.
So, what are we to make of our understanding that the Rangers board will reject Ally McCoist's offer to resign? It would seem, on the face of it, that such a response would be based on Rangers' limited finances, that they could not afford to pay him a year's salary as a pay-off? He is believed to be earning more than £400,000 per annum and is on a 12-month rolling contract.
Or is it the case that the board want him to stay and the reason is not financial? Perhaps they see McCoist as the rallying figure for the support, whose numbers at Ibrox are beginning to dwindle after two years of phenomenal backing in the third and fourth tiers of Scottish football?
Stuart Baird: "Sad day but had to happen, loved him as a player but sadly as a manager been found wanting especially in the cups, like to see Stuart McCall in charge."
Pete: "Sorry to see McCoist go. As a Hearts supporter I thought he was doing a marvellous job to the best of his ability."
Sam Toner, Gibshill: "So that will be another 1.5m of debt replacing the existing set up. Mike Ashley had lunch with Terry Butcher this week so make of that what you will." (And so it begins, Sam...)
Anonymous: "Can't believe people going on about money he may or may not take etc. Man up guys and admit you would not walk away without a penny. Ally is a legend now and forever to the Rangers family."
Iain, London: "Hope Ally stays. He's the glue holding the club together and the current team is a reflection of the board. There's a great manager in Ally but he needs his hands untied. I fear for us now."
Thomas in Swansea: "Will always be a Rangers footballing legend and trustworthy spokesman during a dark period in our history. But...never an effective manager and has made this decision at least a year too late. Wish him well in the future."
Ah, now here's an interesting development... BBC Sport understands Rangers will reject Ally McCoist's letter of resignation. Most of the board are in London for the next 48 hours and no talks are planned.
Davy Gallagher: "@BBCSportScot McCoist has the second biggest wage bill in Scotland yet struggles to win lower leagues. Not a manager. #bbcscotfootball"
Robert Gray: McCoist playing the "I'm unsackable" card is making even more of a farce out of the club #bbcscotfootball
ClubPay Ltd: "Folks getting het up about Ally McCoist's 'resignation' need to remember that tendering thereof does not imply acceptance! #bbcscotfootball"
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Former Rangers midfielder Jorg Albertz gave his reaction to McCoist's offer to resign.
He told BBC Scotland: "I can't judge him as a coach because I've never seen him in action. But it's not been an easy situation for him, you can't compare him with other Rangers managers because of the money situation at the club.
"But I personally think he can motivate a team because I've seen him do that as a player.
"When you talk about Rangers you talk about Ally McCoist, everybody knows what a great player he was, a great goal scorer.''
He was a joy to play with and is a great person to get to know.''
Nat: "#bbcscotfootball True Ranger. Terrible Manager. Probably for the best... but still feel sick to my stomach. #SuperAlly"
Davy Gallagher: "@BBCSportScot Ally has wasted what little money the club gave him. Signing Boyd and Miller for the second tier was a joke. #bbcscotfootball"
mrvegan: "#bbcscotfootball I wonder if that's the reason terry butcher withdrew from Motherwell job?"
Scott Caldwell: "#bbcscotfootball Rangers fans who so heavily slate McCoist are either kids too young to know better or simply eejits."
McCoist's appointment as Rangers manager came just after Sir David Murray sold the club to Craig Whyte for £1 in May 2011. By February the following year Rangers had entered administration over non-payment of VAT and National Insurance, for which they were deducted 10 points.
If that hampered McCoist's chances of winning the Scottish Premier League in his first season, there was not much joy in the cups either.
Aggregate defeats by Malmo in Champions League qualifying and by Maribor in the qualifying rounds for the Europa League ended European involvement before August was out.
In domestic competition, the holders' loss at Falkirk in the Scottish League Cup and defeat by Dundee United in February 2012 in the Scottish Cup meant a first managerial season without silverware for McCoist.
Professional golfer Marc Warren: "Ashamed to be a Rangers fan right now, how some of the fans can treat someone who represented us at our darkest time and gave his all."
Scotland and GB athlete Lynsey Sharp: "The club needs some sort of stability #fortheloveoftheclub #Rangers"
Doug Maclean: "A legend for the club and the man who stood above all in the chaos caused by Craig Whyte. Sadly he did not translate his greatness into management and the lack of improvement and poor youth policy has made this the right decision. Well done Ally for everything you have done for Rangers and taking this brave decision which will be ridiculed by small people. Lets hope we see you back amongst us soon."
Thomas Bell: "Give the man some credit, it's the players who are not performing, a load of has-beens, Boyd, Miller just to mention a few."
Peter Thomson: "Rangers have to raise £8 million in operating capital between now and the end of the season, just to stay in business. McCoist is clearly getting out before Rangers head back to Scottish Division 3 (having been bankrupted yet again by May 2015) to keep his pension pot safe while the lump sum he will also be due is not to be sniffed at and he would lose on the club in its current form going into bankruptcy."
Robert Urquhart: "Terry Butcher waiting in the wings?"
Neil Duffell: "Why should he get any compensation if he is offering his resignation?"
We're still waiting on further word from Rangers other than "no comment". Just to confirm, we still do not know how the Rangers hierarchy plan to handle McCoist's decision - they can either pay him off in full, in part or keep him in position for a year, as his contract is for a 12-month rolling period.
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Ally McCoist is known for his quick wit and sense of humour. He was a fierce competitor as a player but a laugh was never far away. He was a popular figure on BBC's Question of Sport before moving into football management. However, the strain on him to balance speculation about his future, the huge expectation placed on him by the vast Rangers support and the continual boardroom changes has occasionally been evident in recent months.
Rab Denholm: "Not before time Ally. Never a football manager. The football has been terrible for the last couple of seasons. Hopefully the board will accept - that'll be the first correct decision they've made."
CowalPurple, Dunoon: "Terrible manager, great striker, fantastic guy. Honourable to the last. A Rangers legend."
Patrick: "Gutted that McCoist is walking away. Thanks for the memories."
Duncan, Grantown on Spey: "If Super Ally truly loves Rangers he'll leave and refuse any monetary compensation."
Andrew, Glasgow: "Such a shame that bolshy fans haven't given him the time he needed! I mean, what more could he have done? Thanks Ally for all your hard work!"
While McCoist enjoys a far bigger playing budget than the teams he is facing in the Championship, the standard of player is below what McCoist and the fans enjoyed in the days of winning nine league title in a row in the 1990s. The frustration of some has spilled over in recent weeks into chanting about McCoist, as Rangers won one match out of four. However, they returned to winning ways on Saturday as they beat Cowdenbeath 1-0 in a poor display in front of 19,000 fans at Ibrox.
McCoist's time as Rangers manager has coincided with calamitous events off the field, with the fall-out from the financial crisis still keenly felt. Charles Green bought the club for £5.5m when it was on its knees but the money that he and his consortium raised by way of a share issue has been spent.
There will be many Rangers fans - and others - with an opinion on McCoist's time as manager. Share your thoughts with us by text to 80295, using the hashtag #bbcscotfootball on Twitter and share your comments on our Facebook page.
McCoist led Rangers to successive league promotions when the club found themselves in the bottom tier of Scottish football after their slide into administration and subsequent liquidation under the disastrous reign of Craig Whyte. Rangers sit second in the Scottish Championship, nine points behind leaders Hearts.
He had been assisting Walter Smith with the Scotland national team for a few years at the tail end of his playing career when Smith returned to manage Rangers once more when Paul Le Guen resigned in 2007. McCoist went with him and was his assistant until the summer of 2011 when he took the reins.
After an initial difficult spell as a player at Ibrox, Ally McCoist went on to become a hugely popular Rangers player and is the club's all-time top goalscorer with 251 league goals and 355 overall.
In 15 years, he scored 28 hat-tricks and was Europe's top goalscorer for two years running in 1992 and 1993.
McCoist, 52, has a 12-month rolling contract with Rangers, who are refusing to comment at present.
So either the club pays his salary up in full, comes to a settlement, or keep him in place for the next 12 months.
The Rangers players are due to meet at the club's training ground, Murray Park, at 15:00 GMT, as is the norm before an evening match.
BBC Scotland understands that McCoist has offered to resign but, as things stand, he will be in the dugout for tonight's Scottish Championship fixture against Queen of the South.
Good afternoon and welcome to our live text coverage of the news that Ally McCoist has tendered his resignation as Rangers manager.