Clement departs Rangers - 13 points adrift of city rivals Celtic at the top of the Scottish Premiership - at a time when the club are in talks about a multi-million-pound investment by a United States-led consortium which includes Paraag Marathe, president of 49ers Enterprises and chairman of Leeds United.
Although he led the club to the last 16 of the Europa League, where they will face Fenerbahce next month, the 50-year-old vacates his position at Ibrox with the Rangers well adrift of Celtic at the top of the league and set to end the season without a domestic trophy.
A statement from Rangers on Sunday evening read: “Rangers Football Club can confirm it has tonight parted company with men’s first-team manager, Philippe Clement.
The Belgian has been under extreme pressure since the humiliating Scottish Cup exit at the hands of Scottish Championship side Queen’s Park a fortnight ago, and a first Ibrox loss to St Mirren since 1991 on Saturday proved to be the final straw for the board.
The former Club Brugge and Monaco manager briefly hauled them into title contention last season, but they eventually finished eight points adrift of Celtic.
