This resulted in the departure of Jock Wallace as manager in April with the club announcing that Scotland captain Graeme Souness would take over as player-manager after the World Cup Finals in Mexico.
They were knocked out of the League Cup by Edinburgh's other team Hibernian 2–1 on aggregate in the two legged semi final.
The club went out in the first round of the UEFA Cup after losing to Spanish side CA Osasuna.
Rangers qualified for Europe on the last day of the season, beating Motherwell 2–0 at Ibrox.
This match presented an early opportunity for the players to impress their new boss.