Shanghai Port boss Kevin Muscat will not be Rangers' next manager.
The Ibrox side had been in talks with the 52-year-old who agreeded a deal in principle to replace Russell Martin in the vacant hot seat. Muscat held positive discussions with owner Andrew Cavenagh and Paraag Marathe of 49ers Enterprises on Thursday before talks with chief executive Patrick Stewart, sporting director Kevin Thelwell and Gretar Stainesson of the San Francisco 49ers.
However, the Record now understands that the deal has completely collapsed, with the Australian set to remain in the Chinese Super League to see out the title race.
Under-19s boss Stevie Smith has stepped up during Andrew Cavenagh and the hierarchy's search for the new boss. They were held to a 2-2 draw at home to Dundee United in the Prem