Under-20s coach Graeme Murty is supposedly the 'interim manager' yet Mr Warburton has been adamant that he has not walked.
The Daily Telegraph reported that Warburton (with assistant David Weir and chief scout Frank McParland) had thought they were about to be appointed as the new Nottingham Forest management team and duly resigned from Rangers.
However, the two-time European Cup winners apparently changed their minds leaving the trio in limbo and hurrying back to retract said resignation - only for the Ibrox shutters to be pulled down on them.
Warburton though claims he hasn't resigned and only found out about his 'departure' via an email from the club.
So it looks like as if things will get messy with Warburton reported to be taking legal advice.
Did he walk or is this some cack-handed method of constructive dismissal?
If only there was some transparency from Ibrox - after all, that's what owner Dave King promised.
Then again, it has now been nearly two years since he took the reins and confusion has been the watchword let alone transparency.
The nominated adviser that the club needed to represent them on the Stock Exchange that King promised would arrive within two days?
Never happened and Rangers were thrown out of the financial Square Mile.
Plans to float the club on the alternative ISDX market? Never happened.
Bring the old club out of liquidation? Never even started the process despite it being 15 months since King promised to do so.
And as for giving the manger a transfer warchest of first "£50million" and then "north of £20million".... if Mark Warburton had indeed been sounding out Nottingham Forest for an exit you could hardly blame given his budget has been a mere fraction of those fanciful figures.
Yet all the scrutiny from the Scottish sporting fourth estate has been on how Warburton's team have played since winning promotion last year to play in the club's inaugural season in the top flight.
Yes the team's form is worthy of examination but equally worthy of examination is how well the board of directors have performed - especially when it comes to not fulfilling their promises.
When owner of Hearts, Vladimir Romanov made a host of claims (Champions League winners within five years, new stadium with state of the art corporate facilities and big name signings) and was rightly pulled up of them and held to account when none came to fruition.
With Mr Romanov, the media did their job. Ditto Giovanni Di Stefano when he made similar boasts during his brief association with Dundee.
Mr King has made some outlandish claims too but in his case the sports pages and websites of the press have no cracked club crest, no "turmoil at Ibrox" straplines across two-page spreads, no handing out of club merchandise for a disgruntled fan (picked randomly of course) to kick on the ground for the cameras and no big features with psychologists 'analysing' Dave's state of mind.
The above happened during Romanov's reign at Hearts. Yes there was plenty to ridicule with regard to his reign but the same applies to King.
But it hasn't and you have to wonder why? After all, treating an owner of a club playing at Ibrox with kid gloves worked out really well last time as blind eyes were turned at the road to liquidation and ruin that David Murray set Rangers 1872-2012 on.
Given that the new entity calling itself Rangers is not in a healthy state money-wise (a loss-making operation with no credit line from a bank remember) then you would think that some media folks would have learned their lesson from last time and been more sharper on the ball with regard to finances?
It appears not with all criticism being directed at Warburton's style of management which seems to mask the real trouble that is lurking at Ibrox.
Sadly the 'courageous journalism' that was once praised has gone AWOL. If King were running a Hearts or a Hibs or a Dundee he would surely have been called out for his own poor running of the club (as Romanov, Duff and Di Stefano were when they ran those clubs respectively).
But the mantra is currently 'lets throw Warburton under the bus' which, going by one Daily Record reporter on Twitter, seems in be in full swing:
However, to be lying in third place, is quite a remarkable feat for a club that was only founded five years ago.
It is Mark Warburton's misfortune that there are a lot of people stupid enough to still think of this club as the old one that won domestic honours aplenty before imploding on itself in a mire of financial scandal.
Not to mention people forgetting that the manager was promised huge transfer warchests with promises of being allocated "whatever it takes" to compete with runaway champions-elect Celtic.
A promise unfulfilled.
It wasn't always like this for Warburton with many from the fourth estate acclaiming his talent as he helped Rangers 2012 win promotion at a canter with one over-enthusiastic scribbler demanding that other Scottish football teams should replicate his exciting footballing blueprint.
How things change and now the very same fans with laptops now castigate him claiming that his heart was never in the job.
Not that such volte-face antics are anything new in the world of sports journalism.
One former Scotland manager upon appointment as the boss of the national side was hailed by one scribe as a man of decency and honour.
When it went pear-shaped for said manager, upon hearing of him being sacked, the same scribe was heard by office colleagues shouting at the top of his voice: "Good riddance you alcoholic sex pest!"
Should this manager ever take up a club role in Scotland, no doubt the aforementioned scribe will welcome him back with an open laptop - until he's sacked again.
The Warburton saga may possibly run and run and expect more hatchet jobs from those who months ago were acclaiming him as a managerial genius.
Yet the silence will continue with regard to those more culpable for the mess at Ibrox - a mess that will grow if transparency is not called for by those the fans trust to hold King and his cronies to account.
Warburton's capabilities as a manager is small beer in the grand scheme of things.
It's high time the fourth estate got Dave King back on their radar.