Chief executive Patrick Stewart told Rangers’ official website: “Philippe and his team have worked tirelessly during their time at the club and have played an important role in developing the first team’s young players.
Saturday’s 2-0 home defeat to St Mirren proved to be the final straw for Clement, with the club announcing the Belgian’s departure on Sunday night after 16 months at the helm.
Ex-Scotland midfielder Ferguson won five league titles, five Scottish Cups and five League Cups across two spells at Ibrox.
“Ultimately, the team’s response following their early exit from the Scottish Cup was a cause for deep concern, leading the board to conclude that action had to be taken now.
Rangers have placed former captain Barry Ferguson in charge of first-team affairs until the end of the season following Philippe Clement’s sacking.
