The debate is back on the agenda after Newcastle this week announced St James' Park will now be called the Sports Direct Arena after owner Mike Ashley's retail company.
It is understood Rangers chairman Craig Whyte would consider renaming Ibrox, albeit the idea is not actively being discussed at the moment.
The Scottish champions are involved in a dispute with HMRC that could leave them facing a tax bill of £49million if they lose the case and the possibility of being placed in administration.
Ray Wilkins, who spent two years at Rangers between 1987-89, says it is a good idea.
Ray Wilkins: "I'm quite pleased that they realise the severity of the problems that we have and, if they can generate a few quid by selling the name, all well and good.
"I don't really see a problem with that. It is the way ahead and it's nice to see that people are open-minded about it as well.
"I will always know the stadium as Ibrox. End of.
"Now, if it can generate some money by selling the naming rights, then all well and good."
Source: FOOTYMAD
