Smith exits chairman position at Rangers
Walter Smith has resigned his post as Rangers chairman following a period of bitter infighting at Ibrox, reports BBC Sport. The former Gers boss has only been in the non-executive position since May, when he replaced Malcolm Murray.
The ex-Scotland and Everton boss is expected to release a statement outlining the reasons for his departure.
The Scottish League One club has released a brief statement to the London Stock Exchange, simply stating: "Rangers announces that Walter Smith has today resigned from his position as chairman and a director of the company with immediate effect."