Rangers parted ways with manager Mark Warburton on Friday.
Frank De Boer
Rangers are looking for a new manager after confirming on their official website on Friday night that manager Mark Warburton has resigned from his position at Ibrox.
Warburton guided the Gers to promotion from the Scottish Premiership last season, but lukewarm performances and disappointing results – such as the 4-1 defeat at Hearts earlier this month – had piled the pressure on Warburton.
Whilst Warburton was under real pressure, many expected him to be sacked if he was to leave the club, but his resignation has been accepted after a bizarre sequence of events regarding a failed move to Nottingham Forest, as reported by the Daily Record.
Graeme Murty took charge of the Gers for Sunday's 2-1 Scottish Cup victory over Morton, and whilst Warburton has told The Scottish Sun that he doesn't know what Rangers are talking about, claiming he hasn't resigned, the search for a new manager is well and truly on.
Bookmakers have been pricing up odds for who could replace Warburton over the weekend, and here are five of the biggest movers in the market today, as compiled by Oddschecker.
Alex McLeish: 1/14
McLeish, the hot favourite ever since Warburton left Ibrox, was just 1/2 on Tuesday night - and tonight he's in at 1/14 with some bookmakers, meaning he could be closing in on the job. The 58-year-old won two league titles during a four-and-a-half year spell in charge of Rangers between 2001 and 2006, and could be in line for a return to Glasgow, even if only on a short-term deal until the end of the season. Recent spells with Aston Villa, Nottingham Forest, Genk and Zamalek haven't given McLeish much success, and he could look to rebuild his reputation with the Gers.
Graeme Murty 5/2
Murty is currently Rangers' Head Development Squad coach, but has been thrust into the caretaker manager job following Warburton's exit. The former Reading defender had four caps for Scotland during his playing days, and oversaw Rangers' 2-1 Scottish Cup win over Morton on Sunday. With Rangers possibly looking for an appointment until the end of the season, 42-year-old Murty - who has no managerial experience at all - could be a candidate, and at just 5/2 this evening, his odds for the job have been slashed.
Former Hibernian manager Terry Butcher
Frank de Boer 8/1
The choice for many Rangers fans, Dutchman De Boer is currently out of work after an ill-fated three-month spell in charge of Inter Milan. Having won four successive Eredivisie titles in charge of Ajax, whilst his experience in the Champions League and Europa League mean that a considerable number of Rangers supporters want to see De Boer return to Ibrox. The 46-year-old spent six months with Rangers as a player, scoring twice in 17 games for the club in 2004, and his odds have been cut to 8/1 this evening for a shock return to Ibrox.
Terry Butcher 16/1
Butcher, 58, was a fan favourite during his time with Rangers as a player, making more than 175 appearances for the club and captained the Gers to three league titles in four seasons. Whilst he had a strong reputation as a player for various club as well as the England national team, his record as a manager is far from impressive. His most recent spell came with Newport County, where he won just one of his twelve games games in charge of the club, and before that it was just six wins in 29 games with Hibernian. At 16/1, it seems unlikely that Rangers would appoint Butcher - especially given his patchy managerial record - but he's a manager who would certainly love a return to Ibrox.
Gary Rowett 16/1
Out of work since Birmingham's bizarre decision to sack him in December, Rowett is expected to be a manager in demand this year. The 42-year-old won 40% of his games in charge of Birmingham following a 2014 move from Burton Albion, and turned the Blues from relegation fodder to a top half team with aspirations of the play-offs. Now available, Rowett is down to just 16/1 for the Rangers job this evening, and could be a smart hire if Rangers choose to go for another Football League coach, as they did with Warburton.
Who would you like to see Rangers appoint as their new manager?