History 
Rangers F.C were formed in 1873 and were the first team in the world to win more than 50 Premier League titles. Since that feat of 50 league titles was reached in 2003, they have only won the SPL once more in another dramatic final day finish which saw future Celtic player Scott McDonald score two goals for Motherwell in the last two minutes of the last day of the season in 2005 to hand Rangers the league title.
This season (2006-07), the team had to endure Paul Le Guen which eventually failed after poor decisions. Mainly because of a fall-out between himself and club captain Barry Ferguson and also signings such as Filip Sebo and Sasa Papac.
Paul Le Guen
Le Guen's arrival was greeted with a fair amount of optimism by Rangers players and supporters alike but it was not to be for the flamboyant Frenchman who had previously been succesful with Lyon but has sinced moved back to his native country to manager PSG.
Paul Le Guen is now at PSG in France! An Old-Face Returns for Battle Rangers' chairman David Murray had to act quickly to get the fans back on his side and promptly brought in, then Scotland manager, Walter Smith. After a battle over compensation with SFA Rangers got their man. He brought with him a very good backroom staff of Ally McCoist, who will be assisant manager and was previously a great servant of Walter's when he played for Rangers. The third man in this three man team is Kenny McDowall who has always been a Rangers fan but ironically had been reserve coach at Old Firm rivals Celtic.
Walter Smith has returned to Rangers after spells with Everton and Scotland! New Signings Walter Smith has already wrapped up the signings of several players but will still want to expand the squad at Ibrox and get rid of several players. Smith went out and snatched Kevin Thomson away from under Celtic's noses and splashed out £2M for the youngster.
Smith also brought in three new central defenders. Experienced heads David Weir and Ugo Ehiogu joined from Everton and Middlesbrough. Andy Webster also joined on loan with a view to a permanent deal.
Rangers have also completed two future transfers of Falkirks Alan Gow and St Mirren's Kirk Broadfoot. Both of whom are up and coming Scottish youngsters.
Thomson has signed for Rangers, but could Brown be next?
