Former Rangers manager Mark Warburton has told talkSPORT Steven Gerrard must be given time and money to help re-build the club.
The Liverpool legend was appointed as the new Gers boss on Friday, to replace Graeme Murty who was relieved of his duties on Tuesday after the 5-0 thrashing at the hands of Celtic.
Gerrard has agreed a four-year-deal and will officially take charge in the summer, after he was finished his current role with the Liverpool Under-18s.
But Warburton, who managed the Scottish Premier League side between 2015 and 2017, had an ominous warning for excited Rangers fans about the appointment of the 37-year-old.
“I think it’s a big plus, absolutely,” Warburton told the Weekend Sports Breakfast.
The owners and the board will see that Steven’s global reach as a player will have a positive impact on the club, hopefully new sponsors etc. and supporters. I’m hoping that’s one aspect of it.
But there’s no doubt about the financial climate, they need to support Steven.
I keep hearing figures of £20 million – you buy four players for two and a half and sit them on 25 (thousand pounds) a week and three-quarters of that is gone in a heartbeat.
So, they’re going to need significant funds but I think also, equally as importantly, he needs to be given time.
While there have been critics of the move given Gerrard’s age and lack of managerial experience, Ibrox legend Ally McCoist told talkSPORT he feels the move will ‘put Scottish football back on the map’.
But Warburton urged fans to be patient with the new boss and to expect a reaction from their Old Firm rivals.
He said: “Don’t expect them to come back straight back next season and smash Celtic – it’s not going to happen.
“Celtic will respond, there’s no doubt about that.”