Bull is Wolves' all-time leading scorer with 306 goals (Getty)

Bull takes over from caretaker managers Kevin Street and Neil Grayson who have been in charge at Marston Road since Phil Robinson left in December.

Bull told BBC Radio Stoke: "I'm excited but also a little scared as I've got a big job ahead of me, but I feel confident that I can succeed."

Bull's first game in charge of Rangers will be against Farsley on 1 March.

Steve Bull wants to play a more attacking style of football

Stafford are stuck in the relegation zone at the bottom of the Blue Square Premier and are 12 points away from safety and Bull is well aware of the size of the job that awaits him.

To get a name like Steve Bull is massive for the club Jon Downing

"It is going to be a long, hard road and it is a daunting job but at the end of the day it is a challenge and I love challenges," he said.

"The fans are so loyal here, and in many ways they are similar to the Wolves fans. I hope to strike up a relationship with the fans like I had at Wolves, and that they will warm to me as I produce the goods for the team."

Chairman Jon Downing was delighted with the appointment and hopes it will be the start of a new era for the club.

"I'm very excited. It's a terrific day for the club and I'm hoping that there are many happy footballing times ahead of us," he said.

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"To get a name like Steve Bull is massive for the club and we hope it will raise the profile of the club" he added.

Bull has signed a contract at Marston Road until summer 2009.