Walter Smith rejected return to English top flight

Rangers manager Walter Smith
Smith's Rangers side lead the Scottish Premier League

Rangers manager Walter Smith has revealed he turned down a job with a top-flight English club last summer.

Smith agreed to manage Rangers for another season last year.

"I've had opportunities to go back to England on a couple of occasions, the most recent being at the start of the season," he said.

"It was a good Barclays Premier League club, but I didn't think that it was right to leave Rangers when I had just agreed to stay for one more season."

Smith will leave Ibrox at the end of this campaign and has previously indicated he will not look for a full-time job in the game, though he has been at pains to point out that does not mean he is retiring.

"When you leave a job at 63, everyone assumes that it's because of your age," he told the League Managers' Association magazine, The Manager.

"It doesn't necessarily mean that I am going to retire.

"If the right opportunity arose elsewhere then of course I would consider it."

Smith will make way for assistant Ally McCoist at the end of the season after reversing his initial decision to leave his position as Rangers manager for a second time last summer.

His side, who have already lifted the Co-operative Insurance Cup, sit top of the Scottish Premier League as they attempt to retain the title, although Celtic are only one point behind with a game in hand.

Smith said that his experience managing Everton in the English top flight had helped prepare him for a change in the financial strength of the club after his return to Ibrox.

"When I first came back to Rangers, the circumstances were slightly different to how they subsequently became, because we were still investing in the team at that point," he said.

"At the end of my first season back, the club was struck, like a whole lot of other clubs, with a serious financial problem because of the overall downturn.

"I had reasonable experience of handling financial problems from my time at Everton, where we had one financial crisis when the chairman left and another when our major sponsor withdrew its support.

"The experience helped me a great deal as I have been able to use my experience to handle it in a far better manner than I was able to do then.

"I would hope that my legacy this time would be that I have brought back a level of success and that I have been able to guide the club through a very, very turbulent period and still managed to win some trophies."

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