Gilligan insists Rangers will 'keep chasing' Celtic

Interim chairman John Gilligan says he is "not stupid enough" to say Rangers are equal to Celtic at present, but he insists the club will "keep chasing" them down.

Gilligan was appointed to his new role after John Bennet stepped down from his position due to medical reasons.

The Ibrox side endured a tumultuous summer and are now five points behind their Glasgow rivals, who continue to boast healthy financial numbers, after just five games this season.

"History tells you that happens," Gilligan said when asked about the gap between the two sides. "Sometimes we are ahead, sometimes Celtic are ahead.

"At the moment we are chasing. There is no argument there, I am not stupid enough to say otherwise. But we will keep chasing."