Rangers are reportedly closing in on the appointment of Russell Martin.
Barry Ferguson took interim charge of the team following Philippe Clement's sacking at the end of February.
Ferguson remained at the helm until the end of last season, when it was confirmed he wouldn't be getting the permanent gig.
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Now, the club look to have found their new long-term boss, with Martin having already accepted the project, according to Fabrizio Romano.
🚨🔵 Rangers are closing in on the appointment of Russell Martin as new head coach. Former Southampton manager has already accepted the project, ready for new chapter. 🏴 pic.twitter.com/WAKp4hSBfk
— Fabrizio Romano (@FabrizioRomano) June 3, 2025
Martin spent a brief stint as a Rangers player in 2018, making 17 appearances for the club.
In his managerial career up to this point, he has taken charge of MK Dons, Swansea City and Southampton. He got the latter promoted to the English Premier League.
News of his reported appointment comes after Andrew Cavenagh and 49ers Enterprises completed a takeover of Rangers last week.
The consortium acquired a 51 per cent stake in the club and immediately invested £20 million.
An open letter to fans from new chairman Cavenagh, along with vice-chairman Paraag Marathe, read: "We are proud to be entering a new chapter for this extraordinary club.
"This moment is the result of months of thoughtful discussions with club leadership and our shared confidence in Rangers’ success going forward.
"To that end we’d like to tell you a bit about our thinking.
"Simply put – our goal is to win trophies in Scotland and be able to compete at a high level in Europe, while laying a foundation of financial sustainability for the future.
"As our first step, we are investing fresh capital into Rangers, which will be strategically deployed on and off the pitch. While we recognise the importance of resources, we believe that thoughtful, disciplined investment, guided by a clear strategy, is the path to enduring success. Every decision, whether sporting or business, will be made with the club’s long-term success and sustainability in mind.
"We aim to leverage the full strength of 49ers Enterprises’ sporting expertise and operational experience, and are confident in Patrick Stewart and Kevin Thelwell to lead this next phase. Our first priority together is clear: hiring a new men’s Head Coach. That process is already well underway, and we look forward to sharing more updates soon. We will also look to invest in talent for our teams.
"Moving forward, we are reconstituting the Board to bring in a few new voices and skill sets. We all owe a special thanks to the previous Board for their service. They stepped up in a difficult moment when the club needed them and laid the foundation for what comes next.
"Above all, we know that true success comes from understanding and honouring what makes this club special. In our time getting to know Ibrox, Glasgow, and you, we’ve felt the pride, history, and passion that set Rangers apart. You have made it clear what this club means to you, and we take the responsibility of leading this club seriously.
"We look forward to seeing you at Ibrox soon. For now, we’ll keep working, and we can’t wait for what’s ahead."
