Despite being considered as one of the frontrunners to replace Ally McCoist as Rangers manager, Terry Butcher told talkSPORT today that the chaos at Ibrox means he won't be taking the job.
"I think anybody looking at it from the outside will wonder just what is going on," said Butcher.
"It is a bit of a minefield if you want to take control. If there is no harmony in the boardroom and you have got a new chairman coming in left, right and centre, as a manager and as players you wonder just what is going on. Until they get that sorted out it is reflected on the pitch itself," he added.
McCoist left Ibrox in December amid more financial issues for the club, and whilst names such as Billy Davies and Stuart McCall had been linked with returns to the club, neither looks likely to take charge any time soon.
Caretaker manager Kenny McDowall remains in temporary charge for now, and he has the perfect chance to show his credentials on Friday night when Rangers face top of the table Hearts in a crucial clash as both teams bid for promotion back to the Scottish Premiership.
As for Butcher, the former England international has been out of work since the summer when he was sacked by Hibernian, but his success with Inverness from 2009 to 2013 is likely to garner interest from clubs.
However, it seems that Butcher won't be making an emotional return to Rangers, who he played over 100 games for as a player, with the boardroom chaos at Ibrox just proving too much of an issue for the 56-year-old.