Kenny McDowall steps down as caretaker Rangers boss
Kenny McDowall has tendered his resignation as caretaker manager of Rangers for "personal reasons", the club have announced.
The club announced McDowall will serve a 12-month notice period under the terms of his contract, as his predecessor Ally McCoist was due to do.
McDowall succeeded McCoist when the latter stood down on December 21 and was placed on garden leave.
In a surprise late-night move, the club confirmed McDowall's departure in a brief three-line statement. It said: "Kenny McDowall has tendered his resignation as caretaker manager of Rangers Football Club, citing personal reasons for stepping down.
"Kenny, who has been a fantastic servant of the club, will serve his 12-month notice period, during which time he will remain 100 per cent committed to his normal duties. The club respects Kenny's decision and he will continue to have the full support of everybody at Rangers."
Former St Mirren striker McDowall joined Rangers as first-team coach under Walter Smith in 2007 and was promoted to the assistant's position when McCoist became manager.
Meanwhile, Dave King insists he will have no problem convincing both stock market bosses and football chiefs that he is fit enough to run Rangers.
The former oldco director has called a general meeting to vote on plans to rout the Ibrox board.
He will also ask the shareholders to vote in himself, former Blue Knight Paul Murray and John Gilligan as their replacements.
The current regime - David Somers, Derek Llambias, Barry Leach and James Easdale - released a statement to the stock exchange insisting they would fight King's bid.
In a thinly-veiled swipe at the Johannesburg-based businessman, they said: "The AIM rules require that all individuals appointed to the board of an AIM company are suitable to be a director of a UK public company."
The Castlemilk-born millionaire was forced to hand the South African Revenue Services a cheque for £44million last year in a bid to stave off a tax investigation.
SARS claimed he owned £149million but he was spared jail after accepting liability for 41 lesser charges in relation to income tax laws. Both he and Murray will also have to explain their part in the demise of the club after serving on the board under former owner Craig Whyte, who put the club on the path to liquidation in 2012, if they are eventually appointed as part of the Scottish Football Association's (SFA) "fit and proper" person test.
But King said: "There are no problems regarding the AIM regulations and the issue with the SFA is simple. Only once a director is appointed is an application made to the SFA by the club."