Rangers manager Ally McCoist does not want to play in the Irn-Bru Third Division - but admits it would give him a better chance to rebuild the club.

McCoist fears the Ibrox newco may have to start life in the First Division under transfer embargo - a situation he called "madness". The club say they lost 11 players who refused to transfer their contracts after Rangers went into liquidation and McCoist called for an end to the "punishment".

McCoist told RangersTV: "I have had something in the region of six players turn up for pre-season training. Two of them would be considered regulars last year. We have to rebuild, so SFL3 would give us a better chance to rebuild."

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