Smith pens Gers extension

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Rangers manager Walter Smith has signed a new one-year deal with the Scottish champions, the club has confirmed.

The forthcoming campaign will be the 62-year-old's last before handing over the reins to backroom team Ally McCoist and Kenny McDowall.

All three - who had been working without contracts since January - agreed new deals on Monday and put pen to paper on Tuesday evening at Murray Park.

Smith defied the odds to lead Rangers to a second successive Clydesdale Bank Premier League title this season, despite financial restrictions which have prevented him from buying a new player since August 2008.

He initially refused to confirm whether he would remain at Ibrox to defend his crown, leading to fears that he was set to quit Rangers this summer.

However, Tuesday night's announcement brings to an end weeks of uncertainty and acts as a major boost for the Ibrox club, following a growing clamour among his players for Smith to remain at the helm.

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