Graeme Murty left Ibrox on Tuesday morning, less than 48 hours after Rangers’ humiliating 5-0 defeat away at Celtic.
The 43-year-old, who took charge of the Gers back in October following the dismissal of Pedro Caixinha and was then handed the job on an interim basis until the end of the season two months later, has stood down following discussions with the club.
Murty’s departure as interim boss will increase the intense speculation linking Liverpool legend Steven Gerrard to the vacancy. The former England midfielder could be appointed later this week, according to various reports.
Some people - including the former Rangers boss Ally McCoist - don’t see things changing even if Gerrard is the man who replaces Murty at Ibrox.
The ex-Scotland international believes the new manager, whether that’s Gerrard or somebody else, will not have the funds available to close the gap on Celtic.
As well as having little money to spend, Murty has also had to deal with various problems with members of the Rangers dressing room in recent weeks.
Following the club’s 4-0 defeat to Celtic in last month’s Scottish Cup quarter-final, Kenny Miller and Lee Wallace were both suspended following an angry post-match exchange with the former Scotland defender.
Murty wanted the Rangers job permanently
It became increasingly apparent that Murty was out of his depth and now he’s taken action by walking away - presumably before he was pushed.
The speculation linking Gerrard to the club must have left him feeling like a dead man walking.
"I think I've done a good job so far and I am desperate for the opportunity to bring in my own players and put my real stamp on the team," Murty, per BBC Sport, explained before the 5-0 defeat at Celtic Park. "The club knows I want this job. If I win the next four games, you never know. Why not?
"Go win the next four games, finish in Europe, finish high up and then I think I'll have fulfilled the remit I was given when I first came in to the letter - and I doubt quite honestly if there is anyone else who could have done it as good as I have for a first job."
Chris Sutton tweets - fans react
But now he’s gone and he could find that getting a second chance in management will be far from straightforward.
Reacting to the news of Murty’s departure, former Celtic striker Chris Sutton posted the following tweet: “I feel sorry for Graeme Murty... he made mistakes but was the fall guy ....good luck to him in the future.”
There are plenty of football fans who agree with Sutton.
The general consensus is that Murty has been left hung out to dry both those currently in charge at Ibrox.
A good man and an honest former pro, it would be a huge shame if this is the last we see of Murty in management.
Hopefully this sorry episode won’t leave his reputation as an upcoming manager permanently tarnished.
Should we feel sorry for Graeme Murty? Have your say by leaving a comment below.