“OFFICIAL — Rangers have now ANNOUNCED Decision on Barry Ferguson’s Future on Becoming Gers Next Permanent Manager after Davide Ancelotti!’

The Gers have announced that the 47-year-old, who was appointed to take charge until the end of the season in February following Philippe Clement’s departure, has exited the role along with Neil McCann, Billy Dodds and Allan McGregor after Saturday’s 2-2 final-day stalemate at Hibernian.

A message on the club’s official website read: “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.”

Ferguson managed 15 matches in total, securing six wins and five draws as the team he represented with such distinction as a player ended the campaign in second place behind champions Celtic, albeit 17 points behind.

He stated: “I’ve already lived the dream as a player and as captain of Rangers and to do so as head coach in these last three months has been an enormous honour for me.

“There have been some ups and downs, but I have loved this experience and given it my all throughout.

“I want to thank Neil, Billy and Allan, the three staff members who came in with me, and all the other staff who have supported me during my time in charge. Indeed from everyone at the training centre and at Ibrox, the backing I have received has been phenomenal.

“Above all, I want to thank our supporters. There is no doubt this has been a difficult season, but the backing the team and I have continued to receive in spite of that has been incredible.

“I have said, no matter how this period panned out, I would always remain a committed supporter of the club and I look forward to remaining a Rangers ambassador.

“I wish whomever becomes the new manager, every success in the job.”

Chief executive Patrick Stewart expressed his gratitude to Ferguson and his team for their contribution and confirmed that the search for a full-time successor to Clement was “progressing well”.

Stewart said: “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.”

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