Just when fans thought the club was stable again and making progress up the leagues, the future of manager Ally McCoist is now belived to be in doubt and this has prompted former manager, and now Chairman, Walter Smith to step down.
Smith had only been in the non-executive position since May, when he replaced Malcolm Murray.
Smith lifted 21 major trophies over two periods in the Rangers dugout before handing over to Ally McCoist in 2011.
Rangers chief executive Craig Mather said he was "saddened" by Smith's departure, adding that he "fully understands the concerns of fans".
The Scottish League One club released a brief statement to the London Stock Exchange, simply stating: "Rangers announces that Walter Smith has today resigned from his position as chairman and a director of the company with immediate effect."
His resignation comes after McCoist reacted angrily to remarks made by former chief executive Charles Green, who has returned to the club as a paid consultant.
Green was quoted in a national newspaper saying that McCoist's position might not be safe even if he delivered the League One title - he also reiterated his claim that the current Rangers squad is the worst in the club's history.
McCoist described Green's behaviour as appalling and insisted the man, who stepped down back in April, was an embarrassment to the club.