Many Rangers fans were in shock today, as manager Ally McCoist tendered his resignation, bringing an end to his three-and-a-half year spell in charge of the club.
Rangers appear to be trying to prevent McCoist's departure due to a lack of funds to pay him off, but right now, all signs point towards the former Rangers striker leaving the club in the coming days.
Recent results have been shaky for McCoist, with a 2-0 defeat to Hearts leaving them nine point adrift in the Scottish Championship, whilst the stunning collapse at Alloa saw Rangers throw away a 2-0 lead with just 18 minutes left, losing the game 3-2.
Some sections of the Rangers fanbase have been calling for McCoist's departure despite his legendary status at Ibrox, but there was surprise at how his tenure ended earlier today.
Now, the attention turns to finding his replacement. Two former Rangers players lead the way in the bookmakers odds, with Terry Butcher and Stuart McCall favourites.
Yet at third favourite, we see another former Rangers player - Billy Davies. As a midfielder, Davies made just 13 appearances for Rangers before his career took him to Elfsborg, St. Mirren, Leicester City, Dunfermline and Motherwell.
It's as a manager where the 50-year-old has made his name though, first taking Preston North End to successive play-off campaigns in the Championship, before taking Derby County to the Premier League in 2007.
In two spells with Nottingham Forest, Davies showed that he can inspire teams to mount promotion challenges, and that's just what Rangers need - whilst he's also admitted previously that it would be a dream to return to his former club as their manager.
"I would love to, no doubt, someday manage Glasgow Rangers. Whether it's in 10 years, 15 years - whatever," said Davies back in 2010.
Rangers now have that opportunity, with Davies having been out of work since March. The lack of transfer funds could be an issue for Davies, who has previously spent handsomely at his former clubs, but he has the passion, drive and tactical nous to be a success at Rangers.
The McCoist saga isn't dead just yet, but rather than go with Butcher or McCall, Rangers should instead be looking to give Davies the job he's been dreaming of.