Many people suspected that it was because Gerrard didn’t want to tackle Celtic while answering to Rangers chief Kevin Thelwell.
Others thought that possibly Gerrard wasn’t going to get the financial backing to spend on the Rangers team equal to Celtic’s budget.
And then others also suggested that he wasn’t impressed with the state of the Rangers squad and it’s capability to challenge Brendan Rodgers’ Bhoys.
So what is the real reason Gerrard walked away from Rangers? Why did the Ibrox fans’ saviour abandon them?
The eight million reasons Gerrard knocked back Celtic challenge as Rangers boss
Thelwell appears to have been given strict instructions on the criteria for selecting the next Rangers boss.
Firstly, the news boss must pass the Rangers fans test and secondly, he must work within the financial budget Rangers set.
In his latest blog, Phil said, “Mr Gerrard clearly ticked the first one [box].
“However, my understanding is that the dignified conclave in London fell apart when the financial details were explored.
“I now believe that Hector would expect around £8m from Mr Gerrard if he comes back to the UK at the moment.
“That’s a seven-figure sum, Stevie, just clarifying…”
Dearie me. Phil has a great saying that he always uses whenever he urges people to look into what Rangers are up.
‘Follow follow the money’ and it appears that on this occasion, Gerrard’s apparent ‘love’ for Rangers is not really worth it.