Barry Ferguson will NOT be the next permanent Rangers manager, the club has confirmed.
Ferguson took charge of his final game as interim boss at Easter Road yesterday, drawing 2-2 with Hibs.
The Ibrox legend has maintained that he hoped to be handed the reins on a longer-term basis but that will not be the case.
The club has released a statement this afternoon shining a light on Ferguson's future, confirm that the Hibs game was his last in charge.
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And they placed on record their gratitude to the former captain for stepping up in their hour of lead and leading the team to the end of the season following the sacking of Philippe Clement.
A statement released today reads: "Everyone at Rangers Football Club would like to pass on their heartfelt thanks to Barry Ferguson and his staff, with yesterday’s game at Hibernian being their final match in charge.
"Club legend Ferguson answered the call in the club’s hour of need back in February and has overseen several memorable moments during his time in charge, not least progression to the quarter-finals of the UEFA Europa League and a terrific victory at Parkhead.
"A Hall of Fame member, Ferguson will now leave this role along with Neil McCann, Billy Dodds and Allan McGregor, with enormous gratitude and best wishes of everyone at Ibrox for their efforts in these last few months."
CEO Patrick Stewart added: “The club, and I am sure all our supporters, will be forever grateful to Barry for stepping up and taking on the role of head coach.
“He and his staff have performed admirably amongst some trying circumstances and achieved some excellent results along the way.
“Barry, Neil, Billy and Allan all had distinguished playing careers with Rangers, and they have all enhanced their standing with the club for their work since February. The reception they received at Ibrox on Wednesday night was fully merited, and I know meant so much to Barry and his team.
“The search for our new head coach is progressing well, and we look forward to concluding our process in the coming period.”
