BARRY FERGUSON has admitted he isn’t ready to manage Rangers after resigning as Clyde boss over the weekend.

The 39-year-old won five league titles at Ibrox during his playing career, but his first foray into management came to an end on Sunday when he stepped down at Broadwood with the club eighth in League Two.

Speaking to BBC Sportsound, Ferguson underlined that any links with the Light Blues vacancy are false and admitted he still has a lot to learn before managing at the top level.

Read more: Graeme Murty is prepared to be the Rangers manager for this daunting trip to Celtic​

He said: "I've still got loads to learn. I don't think I am ready to manage at that level. 

“I'm not stupid enough to say I'm ready. I still think I have got a lot to learn. The last two-and-a-half years have been great for me.

"But I have not had any contact from Rangers. I don't know where these stories have come from.”

Ferguson believes his boyhood club can bounce back after two straight Ladbrokes Premiership defeats saw them fall nine points behind Aberdeen in the battle for second place.

"It was a club I was at from eight years old,” he explained.

“I left for a couple of years to go down to Blackburn but I came back. It was a dream of mine to play for Rangers and then to captain them and win things.

"When I look just now, it isn't going great for them but I am sure in time they will come back. Let's be honest, Celtic are miles in front just now and Aberdeen are doing a lot better under Derek McInnes. But Rangers is a club still close to my heart."

Read more: Graeme Murty is prepared to be the Rangers manager for this daunting trip to Celtic​

The former Scotland midfielder also revealed that Clyde had been keen to keep him on as manager, but he decided to shoulder the blame for the club’s slide towards the relegation places in Scottish football’s fourth tier.

"They didn't want me to resign, they asked me not to but I was pretty adamant," he said.

"The chairman asked me to have a long, hard think about it, which I did. But I woke up on Sunday morning and my mind was still clear it was the right decision.

"The players were giving me everything. But I know it's a results business. We dropped from second top to sixth or seventh and I had a lot of good players. We were a decent team when we were on it, but we were under-performing and that falls on my shoulders. I take the blame for that.

"But it has not put me off. I will take in some games and go to different clubs and watch different managers do things. I will go away and start learning again."