Two months ago, the Rangers manager revealed he was prepared to take a reduction in his salary, believed to be in the region of £850,000.
It was proposed that figure would be cut by some 40%, down to just over £500,000.
Under the plan, the money saved would go back up on Rangers return to the top flight, potentially as early as 2015/16.
Many fans thought the arrangement had been put in place weeks ago but not so.
“The Board haven’t accepted my offer (of reducing salary) yet,” said McCoist last night.
“We’ve met on two or three occasions. My advisor met the previous Chief Executive, Craig Mather, and we more or less agreed terms. But as yet nothing has happened.
“I’m very hopeful that’s just down to the changeover, with Craig away and Graham Wallace now in the post because nothing has changed on my part.
“We feel it’s the right thing to do, we want to do it and we will do it hopefully sooner rather than later.
“I appreciate the changeover might move the goalposts a wee bit, but hopefully not too much that it would prevent it happening.”
It is a situation clouded by the current uncertainty in the Boardroom. And it adds more fuel to the fires that seem sure to be ignited when the much-awaited AGM finally takes place on December 19.
McCoist has been encouraged by his meetings with the new Chief Executive.
But, understandably, he is cautious as to what the weeks ahead hold for Rangers.
“In terms of who is the power behind the club, you would have to ask the Board. I genuinely don’t know,” he said.
“We have come from a situation where we knew who the boss was for 20-odd years in Sir David Murray, and now it’s completely different.
“I had an encouraging meeting with the Chief Executive, where we had a good chat about the playing staff, the scouting department and youth development.
“But there is no news as far as bringing anyone in come January goes. Effectively we’ll just have to wait until December 19 and the AGM to see what the institutions do.
“My job is to pick a team to go and win a game of football, so there’s nothing I can do or say to have an effect.
“I’m very keen to let the money men them get on with that side of things.”
Meanwhile Andy Little has been dubbed Ibrox’s answer to RoboCop.
The striker has three metal plates in his head after breaking his cheek bone, jaw and eye socket in a horror collision against Dunfermline last month.
“The rest of the lads have been calling me RoboCop because of all the metal in my head,” said the Irishman.
“One plate has been put through my mouth in order to rotate my cheekbone back out.
“Another was put in the side of my head to strengthen it and the last one was at my eye because I’d broken my eye socket.
“The surgeon was delighted how well things went for me.”
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