Rangers legend Barry Ferguson believes that Steven Gerrard is exactly what Rangers need right now.

Ferguson captained Rangers for many years, leading them to triumphs in the Scottish Premiership and domestic cups.

He is happy with the appointment of Gerrard, given the events of the past few years.

"First, let me give credit where it's due," he told the Daily Record.

"When I initially heard the rumours about Steven Gerrard and Rangers I didn't think for a minute anything would come of it.

"So now it looks like they actually might make it happen I have to take my hat off to Dave King and his board for being so bold and ambitious.

"Recently it has felt as if these days were a thing of the past for my old club.

"From Graeme Souness to Terry Butcher to Brian Laudrup and Paul Gascoigne, there was a time and place when the club was used to dealing with some of the biggest names in the European game.

"But all that seemed like a lifetime ago.

"So the fact someone of Stevie G's calibre is so close to walking through those front doors as manager is something I can't help but get excited about.

"And King and his regime deserve nothing but praise for even making it a possibility."