Walter Smith will not remain at Ibrox as director of football under a new Rangers owner.
Reports emerged on Monday morning that Scottish tycoon Craig Whyte, who has reached an agreement "in principle" to buy the Govan club from Sir David Murray, would offer Smith such a role or invite him on to the board when he steps down as boss at the end of the season to be replaced by his assistant Ally McCoist.
When quizzed about the possibility of staying on at the club, Smith said: "It certainly wouldn't be in any sort of footballing position. I wouldn't do that. Whatever opportunities come my way, we'll just have to wait and see."
He added: "I will wait until the end of the season. I finish at the end of the season so that's where are at the present moment."
The former Scotland boss is in Turkey for Rangers' final Champions League Group C game against Bursaspor tomorrow night
Rangers play their final Champions League Group C game against Bursaspor on Tuesday night knowing they will have to be content with a place in the Europa League in the New Year.
Victory will help in the club's bid to be seeded in the last-32 of that competition and will also bring a welcome £750,000 in prize money.
Moreover, and more importantly for Scottish football as whole, three points will help the country's co-efficient which has dropped so low that only next season's Clydesdale Bank Premier League champions will get access to the Champions League and that will be through the qualifiers.
However, the former Everton manager refused to join the pessimists who believe the Champions League will be without a Tartan flavour for the foreseeable future.
He said: "I think we will always have one team there. The fact that we have to qualify obviously makes it a bit more difficult which is why the co-efficient part is important. But I don't think the gloom and doom which is surrounding it at the moment is entirely correct."
Source: PA
