Ally McCoist has left Rangers and will spend the remainder of his contract on 'gardening leave' following an acceptance of his resignation.
The 52-year old handed in his resignation following a poor run of results leading to him losing the backing of the fans. McCoist was participating in a 12-month notice period but he has now left his post ahead of Monday's annual general meeting.
Rangers, currently second in the Scottish Championship, suffered embarrassing defeats to Alloa and Queen of the South which ultimately led to McCoist's departure.
The Scotsman had led Rangers to back-to-back promotions directly after the former Scottish Premiership champions were demoted to Scottish League Two. McCoist's departure has also placed doubt into some players' futures at the club and striker Kenny Miller said that McCoist was a 'huge part' of his decision to rejoin Rangers.
His assistant, Kenny McDowall, will take charge of the Scottish Championship side until the Summer. It is understood that Rangers have already begun the search for a replacement with rumours emerging suggesting that their number one choice would be former Nottingham Forest manager Billy Davies.