Partick Stewart sent clear message over his first Rangers priority as arrival of 'new money' put on hold

The former Manchester United chief will start work with a packed in-tray

Barry Ferguson insists that incoming Rangers chief executive Patrick Stewart and the board should be focused on appointing a new chairman.

The legendary Ibrox skipper reckons that should come before "new money" being found from investors as he hopes to see the club enjoy stability behind the scenes. The former Manchester United supremo taking up his role next week - the day after Rangers take on Celtic in the Premier Sports Cup final - as he succeeds James Bisgrove.

Reports south of the border suggest that the former Manchester United executive will be tasked with looking for fresh investment - and Ferguson it is clear that the likes of interim chairman John Gilligan are already working on bringing in funds. He told Go Radio: “It’s clear they are looking for new investment into the club. I think everybody knew that.

"The board have been pretty honest and open about that, and hopefully in the coming months hopefully that will be the case that new money comes in to help the club. Not just on the park, but off the park which is important.”

Pressed on Stewart's role in the Ibrox overhaul, he said: “He starts on Monday, brilliant CV, worked at Manchester United for a number of years. Now the next step is to get the new chairman in place.

"It has taken a while but I think you have got to credit John Gilligan. You have to take your time and make sure you get the right man in place."

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