The Rangers board were forced to return to the drawing board at the weekend after Kevin Muscat became the latest man to reject the club’s offer of being their new manager.
Sacked after just 123 days in the role, head coach Russell Martin was relieved of his duties following the 1-1 draw with Falkirk over a fortnight ago, and while club chairman Andrew Cavenagh and vice-chairman Paraag Marathe were hopeful of finding his successor quickly, under-19 coach Steven Smith took charge of their 2-2 draw with Dundee United at the weekend.
Previously, bookies had suspended betting on the former Ibrox boss Steven Gerrard returning as Martin's successor, with reports claiming a deal that would see the 45-year-old complete a sensational reunion with the club was ‘close’ following constructive talks with the club’s hierarchy in London. However, those talks also broke down, with reports saying the ‘timing’ was not right for the former Liverpool midfielder.
So, who is the current favourite to be the next manager at Rangers? Here are the latest odds for the next permanent Rangers manager.*
*All odds are offered by Bet365 and can change at any time. Please gamble responsibly.

9. Steven Gerrard - 16/1
Strongly reported to have rejected an offer to return to Rangers, a sensational return for Gerrard is off the cards, despite him being named amongst the bookies' favourites. | Getty Images Photo: Getty Images

10. Kevin Muscat - 16/1
Looked nailed on to be named as the next Rangers boss late last week, but talks broke down over the weekend. | Getty Images Photo: Getty Images

11. Kjetil Knutsen - 12/1
The Bodo/Glimt boss is a late contender for the Ibrox vacancy, moving to third favourite for the role, despite having not been mentioned as a potential candidate previously. | Getty Images Photo: Getty Images

12. Ole Gunnar Solskjaer - 9/2
Reported to have met with Rangers chiefs last week, the ex-Manchester United, Besiktas, and Cardiff City boss is second favourite for the Ibrox manager's job. | AFP via Getty Images Photo: Getty Images

