Former Rangers captain Barry Ferguson resigns as manager of Clyde

Clyde say they have "reluctantly'' accepted the resignation of manager Barry Ferguson.

The former Rangers captain has quit after a 1-0 defeat at Annan left Clyde without a win in 10 League Two games, but his departure has seen him become favourite to fill the vacant role of Ibrox manager with some bookies.

A club statement read: "The board has today reluctantly accepted the resignation of first team manager, Barry Ferguson.

"Despite a welcome run in the William Hill Scottish Cup, which ended with an agonising defeat to Championship side Ayr United in a fifth round replay, both the manager and the club were disappointed with the recent poor run of league results, often not reflecting the effort and standard of play, which culminated in the defeat at Annan yesterday.

"That result leaves the club with only an outside chance of achieving the objective of securing a play-off place and then promotion to League One.

"The club would like to thank Barry for his unstinting commitment to the job over the last two and a half years and wishes him every success in the future.''

Ferguson had been non-committal over his future after finding himself on the receiving end of criticism from fans at Annan.

He said immediately after the match: "I'm used to it, I've had it for 24 years. That's something I got brought up with, I had it every day of my life.

"But they pay good money to support their club and they are entitled to their opinion. But one thing I will say, I have always worked hard and always tried to do the right thing.

"I do care about the club, because I have been here just under three years.

"It's hard when it maybe starts affecting players.

"What's important for me is the club, that the team starts picking up results.''

Clyde sit eighth in League Two after taking two points from a possible 30 and are 14 points off the promotion play-off places.