Rangers caretaker McDowall to step down


Rangers' first team coach Kenny McDowall looks on as he stands on the bench during the UEFA Cup semi-final, second-leg soccer match against Fiorentina at A. Franchi Stadium in Florence, Italy in this file photo taken on May 1, 2008. REUTERS/Tony Gentile

LONDON (Reuters) - Rangers caretaker manager Kenny McDowall has tendered his resignation for personal reasons but will serve out a 12-month notice period, the troubled Glasgow club said on Monday.

Rangers, 54 times Scottish champions, were demoted to the fourth division for financial irregularities in 2012 but are now in the second tier.

The caretaker manager's resignation comes amid a battle for control of the club and to raise cash to stay afloat.

"Kenny, who has been a fantastic servant of the club, will serve his 12-month notice period, during which time he will remain 100 percent committed to his normal duties," Rangers said in a statement.

"The club respects Kenny’s decision and he will continue to have the full support of everybody at Rangers."

McDowall, 51, took over in December from former Rangers striker Ally McCoist, who had been in charge of the fallen Scottish giants since 2011. He was previously assistant manager.

Rangers said earlier on Monday that it was in talks to agree new funding which could use the club's Ibrox stadium as security..

According to media reports, two stakeholders -- Sports Direct founder and Newcastle United owner Mike Ashley, and a wealthy consortium called the Three Bears -- are separately ready to provide 10 million pounds ($15 million) loans, with Ashley reported to want Ibrox as protection.

(Reporting by Alan Baldwin, editing by Peter Rutherford)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Football

Hodgson says Palace assistant Lewington has COVID-19
Betis' Iglesias puts Sociedad out of Copa with extra-time double
Arteta praises Arsenal but says there's more work to do
How Tuchel can get Chelsea ticking again
Man City roar to summit, West Ham in top four
Arsenal bounce back from FA Cup defeat to beat Southampton
Eriksen earns Inter last-gasp Coppa win over Milan as Ibrahimovic sees red
Wilshere scores as Bournemouth see off Crawley Town in FA Cup
Defiant Bruce defends players as Newcastle rot continues
Sevilla sign Papu Gomez from Atalanta

Stories You'll Enjoy


-->