The side got off to a good start in the league, going on a fifteen match unbeaten run, including two Old Firm wins, was to end in November.
A disastrous run in November and December all but ended the title challenge as the team finished third, twelve points behind champions Celtic.
The League Cup campaign was halted after a controversial defeat to Aberdeen in a match where the Dons were awarded two contentious penalties.
Due to having no European participation, Rangers entered the Anglo-Scottish Cup which led to a defeat at the hands of English minnows, Chesterfield.
After a tedious 0–0 draw where Ian Redford missed a last minute penalty, Rangers won the replay with goals from Davie Cooper, a John MacDonald double and Bobby Russell.