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Alex McLeish odds on to return as Rangers manager while another leading candidate leaves his job

Former Rangers manager Alex McLeish is rated as odds-on to return to the club.

According to Skybet on Wednesday morning, McLeish was 10/11 to succeed Pedro Caixinha as the next boss at Ibrox. Derek McInnes had been the favourite since the Portuguese manager departed from his role last month. The Aberdeen boss had been as low as 4/6 but drifted out to 6/4 second-favourite behind McLeish.

The 58-year-old managed Rangers for five years from 2001 to 2006, leading the club to two league titles and two Scottish Cup victories, including a treble in the 02/03 season, also landing the Scottish League Cup.

The Scot went on to manage both Birmingham City and Aston Villa and was most recently in charge of Egyptian Premier League club Zamalek last year but left the role after only 65 days.

Meanwhile, another leading candidate for the Rangers job Ange Postecoglou has left his post as Australia manager, despite the Socceroos securing their place at next year's World Cup finals.

Postecoglou helped Australia to win the 2015 Asian Cup and led them at the 2014 World Cup finals but on resigning, said: “All this has taken a toll on me both personally and professionally. I have invested all I can knowing how important a period it was for Australian football. It is with a heavy heart that I must now end the journey."

Northern Irish manager Tommy Wright's odds have again plummeted for the Rangers post. The St Johnstone boss had drifted out to 50/1 but went in to 10/1 joint fifth favourite alongside caretaker boss Graeme Murty.

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