Former Scotland manager Craig Brown believes that Walter Smith and Billy Davies would be the "dream team" to manage Rangers.

The Gers are looking for a new boss following the departure of Ally McCoist, whose exit from the cash-strapped club was confirmed on Monday.

Brown believes that Smith should return to Ibrox for a third stint as manager, with former Nottingham Forest and Derby County boss Davies as his assistant.

"I would bring back Walter," Brown told PA. "I would go and plead with Walter and say to him, 'Walter you have had ups and downs here but you are the man for Rangers'.

"Billy would countenance being number two to Walter. That would be a dream team for Rangers in my opinion. Billy is outstanding as a football manager.

"Billy is excellent on the training ground, in team meetings, in the dressing room and his knowledge of the game - I have the highest regards for him as a football exponent."

Smith managed Rangers between 1991 and 1998, before returning for a second stint in the dugout between 2007 and 2011.