The Gers chairman confirms that the club are slowly narrowing down their shortlist.
Rangers chairman Dave King yesterday confirmed to the eagerly awaiting media that the board have narrowed down the search for the club's new manager to a list of five candidates, according to the Rangers website.
"I would say there are five (candidates) at this moment that I would regard as being realistic that are still in the frame," the South African businessman is quoted as saying on the club website.
Speaking to the press at Ibrox to launch the new season tickets for the coming season, King also revealed that the Gers' ultimately disappointing involvement in the playoffs had delayed the club's search for a new boss, and that an announcement was due in the middle of next week rather than before the weekend as had been reported.
"The real reason the manager is taking so long is in fact the need to get the play-offs out of the way," he added.
"There were certain options available to the club but these options critically depended on the club succeeding in getting into the Premiership.
"I saw there was a comment about something being done by Friday, frankly I don’t think that is realistic.
"Certainly, if one looks to the middle of next week then I think we should be in a position to make the announcement."
The Scottish Sun had recently claimed that King was looking at six managerial targets, mentioning current boss Stuart McCall, ex Brentford manager Mark Warburton, Valencia assistant Ian Cathro, former Porto coach Vitor Pereira, and former Rangers players Derek McInnes and Billy Davies.
Given the chairman's words, it is possible the next Rangers boss will come from this group of names, with the above list having lost one option - possibly Pereira with Rangers in the Championship for one more year.