Steven Gerrard has been working as a pundit since his last managerial job (Image: PA)

A theory has surfaced suggesting why Liverpool legend Steven Gerrard may have declined the Rangers managerial position. The former Reds captain has been without a managerial role since his departure from Saudi Pro League team Al-Ettifaq in January.

Arne Slot currently holds the reins at Liverpool, but his position at Anfield has been under pressure of late. The Reds have suffered nine defeats in their last 12 games across all competitions and presently sit in 12th place in the Premier League standings.

Liverpool have also conceded defeat in their last three matches by a three-goal margin, letting in 10 goals during this period. Consequently, rumours are doing the rounds about the Anfield hier

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