Rangers next manager odds: Murty favourite; Kenny Miller a contender

Derek McInnes Manager of Aberdeen during the Brechin City v Aberdeen - Pre Season Friendly, at Glebe Park on July 23, 2017 in Brechin, Scotland.

Ibrox side Glasgow Rangers are looking for a new manager after parting company with Pedro Caixinha this afternoon.

Rangers manager Pedro Caixinha is seen prior to the Betfred League Cup Quarter Final at Firhill Stadium on September 19, 2017 in Glasgow, Scotland.

Rangers have announced on their official website that they have parted company with manager Pedro Caixinha after their underwhelming start to the season

Caixinha's future appeared to be in some doubt for a number of days. As well as drawing with Kilmarnock at Ibrox on Wednesday night when they appeared to be on the verge of taking a 2-0 lead in stoppage time, Caixinha came in for a huge amount of criticism at the weekend as the Gers suffered a 2-0 defeat to Motherwell in the Scottish League Cup semi-final.

Rangers manager Pedro Caixinha is seen during the Betfred League Cup Semi Final between Rangers and Motherwell at Hampden Park on October 22, 2017 in Glasgow, Scotland.

A meeting was called today by the board, and it has now been confirmed that Caixinha is no longer the manager after just over seven months in charge of the Light Blues.

He leaves the side fourth in the Scottish Premiership, eight points adrift of current league leaders Celtic, and his tenure will, unsurprisingly, not be remembered particularly fondly by the supporters as he failed to register an Old Firm victory and, of course, saw his side knocked out by minnows Progres in the preliminary rounds of the Europa League.

A general view of Ibrox Stadium is seen ahead of the EURO 2016 Qualifier match between Scotland and Georgia at Ibrox Stadium on October 11, 2014 in Glasgow, Scotland.

But who, according to Sky Bet, is now in line to replace Caixinha? Here is a look at the favourites...

Graeme Murty (5/2)

The current under-20s boss did a good job in his previous stint in caretaker charge, so there may perhaps be some supporters willing the Englishman to get the job permanently. 

Derek McInnes (5/1)

Current Aberdeen boss Derek McInnes is the second favourite at 5/1. He has done a fantastic job at Pittodrie, and spent five years of his playing career at Ibrox.

Alex McLeish (11/2)

Former Rangers boss Alex McLeish enjoyed an excellent spell in charge more than a decade ago. The fact that he is currently unattached must make him an appealing option as the Rangers board seek to turn their fortunes around quickly.

Kenny Miller (8/1)

The biggest victor in Caixinha's departure is surely Kenny Miller who had been frozen out in recent weeks. The veteran striker has no managerial experience, but is clearly a leader in the dressing room.

Billy Davies (10/1)

Former Rangers midfielder Billy Davies is another contender for the job. He has been out of work since leaving Nottingham Forest in 2014. 

Meanwhile, there are some interesting names listed as outsiders, including David Moyes (12/1), Frank De Boer (14/1), Sam Allardyce (20/1), Michael Laudrup (20/1), and even Gordon Strachan (20/1).

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