McCoist was speaking at the end of another week of significant off-field developments which look certain to affect the long-term future of the Ibrox club. He refused to be drawn on the three main Rangers supporters' organisations aligning themselves behind the group of shareholders fronted by wealthy businessman Jim McColl. He also declined to comment on the prospect of former director Dave King, who arrived in Scotland from South Africa for talks yesterday, becoming actively involved again.
Yet McCoist did concede a large injection of funds would be needed imminently if Rangers are to compete with their Old Firm rivals and play at the highest level in Europe.
Brian Stockbridge, the Rangers financial director, has admitted to supporters the SPFL League 1 leaders will have just £1m left in the bank by next April. So the Rangers manager's comments underline the urgent need for a figure like King to plough substantial resources into the rapidly dwindling club coffers.
"We've lost in the region of £50m worth of players," said McCoist. "You can argue about figures, but players like [Steven] Whittaker and [Nikica] Jelavic have gone. We've replaced them with free transfers. So it's going to take time to get back to the level we want to be at. My own opinion is that there will need to be a cash injection. Of course there needs to be a cash injection to raise the bar and raise the quality again. You can't lose all those players and expect, in three or four years, to be up challenging where you were at Champions League level.
"There will definitely have to be an injection into the team at some point because that's where we want to be. I think we're going to need to spend money on the team. The motivation is to get back to that level. It might seem a long way off, but we were there three or four years ago. We were in a Uefa [Cup] final just over five years ago. That's the target. The immediate target is to get out of the division we're in. But you've got to have hopes and targets, longer term ones."
McCoist added: "We also need to go in challenging when we get back to the top flight. I hope that is 18 months, two more league campaigns, away. If it is, fantastic. But, when it comes, we have to go in and challenge.
"There is no point in us going in and just thinking about top six. That's no disrespect to the other teams in the country and I hope they wouldn't see it like that. But the standards at our football club, what is expected and has always been expected, are different."
King, the Glasgow-born businessman who previously invested £20m in Rangers, is likely to meet the main protagonists in the power struggle during his visit to Scotland. McCoist expressed hope he is able to bring stability to the situation.
"I've known Dave for a long time, obviously since he was here as a director of the club," he said. "But I'm not saying that I would like see this or that happen. I just hope the meetings are productive. I'll maybe see him at the game, which would be great."
McCoist has been a key figure in the ongoing saga at Rangers in the last few years and would have an instant bestseller if he ever decided to catalogue his experiences in a book. But in the week Sir Alex Ferguson released his new autobiography, he stressed he would not be going down that route.
"Oh I wouldn't have thought so," he said. "With the greatest of respect to Sir Alex, nobody would believe mine. It would be in a completely different shelf. Comedy, horror, it could be a little bit of everything."