Speaking to the Daily Record, former Light Blues captain Ferguson admitted that a managerial team of Walter Smith and David Weir would his dream selection to take the reins at Ibrox.
Ferguson said: “ Chairman Dave King should move mountains in his attempts to persuade Walter Smith to return for his third stint in charge. I would pair Walter with a younger coach, a successor in waiting, who could step in next summer and hopefully build on the progress to be made in the months ahead.
“Davie Weir, anyone?”
It would be a surprise to see Smith return to Ibrox this summer, despite his incredible success with Rangers in the past.
10 league titles, five Scottish Cups and six Scottish League Cups were won across his two spells in charge, but he has been out of work since 2011, and there are no guarantees that he will continue to impress.
Rangers need to look forward rather than towards the past, and even though Ferguson believes that Smith should be paired with David Weir, it would make much more sense for the Gers to hire a young head coach with a progressive philosophy.
Thankfully, this is the kind of coach that the Rangers board appear to be looking at, with Mark Warburton favourite for the job, alongside other contenders such as Ian Cathro and ex-interim boss Stuart McCall.
Any one of those coaches would bring youth and potential to the club, and even though they are not proven to anywhere near the same level as Smith, Rangers would be making a far better decision to hire one of their actual targets - rather than looking towards the past.