Rangers hoped to rekindle success by bringing Jock Wallace back to the club, following his exile in England with Leicester City.
Wallace, though, was not the club's first choice: Jim McLean and Alex Ferguson, the then managers of the New Firm clubs, were said to have rebuffed Rangers' advances. Wallace, however, returned with the aim of restoring the glory years of the treble-winning sides of the late 1970s. His initial impact was positive. Wallace's team won the League Cup twice in a row in 1983 and 1984, but league form remained indifferent. The continuing dominance of the great Aberdeen side of the 80s, coupled with a Dundee United and Celtic team that offered periodic challenges to Aberdeen's ascendancy, put Wallace under increasing pressure. By season 1985-86 Rangers had slipped to fifth place in the league and, with little evidence of improvement since the Greig era, Wallace was sacked as manager.