Scottish Gossip: Rangers accept Mark Warburton's resignation

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"At a meeting with the management team's representative earlier this week the Club were advised that Mr Warburton, Mr Weir and Mr McParland wished to resign their positions and leave the Club on condition that Rangers agreed to waive its rights to substantial compensation".

THERE is confusion over the announcement that Mark Warburton has resigned as Rangers manager.

Rangers say manager Mark Warburton has resigned along with his assistants David Weir and Frank McParland.

But now it is understood that Warburton was unaware that the statement put out. It's a situation that looks like it could run for days and perhaps weeks to come.

Graeme Murty, the former under-20s boss was announced as interim boss for Monday (AEDT) morning's match against Greenock Morton in the Scottish Cup fifth round.

A host of names have unsurprisingly already been linked with the hot seat at the Ibrox Stadium and now according to reports, claims have been made that ex-Nottingham Forest boss Billy Davies has emerged as the favourite to take over at Rangers.

"He is head of our recruitment".

The statement had explained events during a seemingly busy week, and stressed that "absolute commitment is essential".

Rangers said they had agreed to release the trio because it was "important that Rangers has a football management team that wants to be at the club".

Warburton's position had been under scrutiny due to poor results and the massive deficit to Premiership leaders Celtic, which now stands at 27 points. "We are clearly short of where we expected to be at this time", the statement read.