Smith steps down
Walter Smith has resigned as Rangers chairman and left the board amid a bitter struggle for power at Ibrox.
Smith has stepped down three days after former chief executive Charles Green returned to the club as a consultant and issued a public warning to manager Ally McCoist over his long-term future.
In a statement to the London Stock Exchange, the club said: "Rangers announces that Walter Smith has today resigned from his position as chairman and a director of the company with immediate effect."
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