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Published 18:38 30 Apr 2018 BST
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The former Fulham midfielder said that the stumbling block for Gerrard taking the job relates to questions about Rangers' resources.
"I think he probably needs more reassurances regarding what they can give him," Murphy continued.
"The only thing with that is, how do you get concrete reassurances with something like that? I suppose as a football club Rangers can’t be trying to get someone like Steven who is young, hungry and ambitious to go there and try and compete and sell him a dummy. You have to think there's some credibility in what they’re trying to do. He seemed excited, but without the confirmation of what it actually really entailed."
The Scottish side lost 5-0 to Celtic on Sunday at Parkhead and had to watch their bitter rivals lift their seventh consecutive league title. Brendan Rodgers' team are vastly superior to Rangers and are on a much stronger financial footing. It would take an awful lot of investment for Rangers to topple Celtic and Gerrard's old Liverpool manager Rodgers.
He is right to seek assurances about money to spend on transfers, but surely there are easier managerial jobs for Gerrard to take and begin his career in the dugout. Even for an experienced manager, with money to spend, it would take a miracle for the current Rangers side to genuinely challenge Celtic's domination.Football

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