When asked about reports that Sir David Murray could be set to sell his shareholding in the Glasgow giants, the Ibrox boss replied: "I've got no idea. I don't know anything about the proposed takeover so there is no use asking me."

When it was put to him that it would be a relief for him and his players if the financial uncertainty surrounding Rangers were to come to an end soon, he added: "It would be a big relief to everyone at the club if we managed to win the seven games [for the title].

"That would be as big a relief for the club as anything."

Despite reports of a takeover, the Scottish champions were able to focus on matters on the pitch to claim a 3-1 win over St Mirren that allowed them to move 13 points clear at the top of the Clydesdale Bank Premier League.

"For 18 months now we have been doing that," said Smith.

"Not just me, my staff and all the players have been doing that for that period.

"Whatever is happening around the club at the present moment is happening. We will just try to continue as we have done over that period."

Rangers confirmed earlier in the day that major shareholder Murray was "considering options" regarding his shareholding in the club following reports that a takeover could be imminent.

A consortium headed by London-based property developer Andrew Ellis - a former director at QPR - is reportedly preparing to make an offer.

Reports also claim other parties are considering bids to take over the Ibrox club, which is currently £31million in debt.

Murray stepped down as chairman in August, with the Rangers board now working to a business plan in conjunction with Lloyds Banking Group.

Responding to the speculation, Rangers released a statement reading: "The board of directors of the Rangers Football Club plc is aware of the recent takeover speculation in the media and refers shareholders and supporters to a previous statement issued in October 2009.

"The club's board has been advised by its principal shareholder, Murray International Holdings Limited, that it is considering options regarding its shareholding in the club and this may or may not lead to MIH disposing of some or all of its stake in the club to a third party.

"The directors of the club will keep shareholders advised of key developments but the board is unable to comment further at this time."

Rangers manager Smith and his backroom staff have been working without contracts since January in a bid to ease the financial pressure on the club.

The Ibrox boss has also been unable to recruit any new players since August 2008.