Career
Rasmussen had worked as a youth coach at KB for 20 years, when he became assistant manager at Odense Boldklub in January 2002. In January 2004 he became joint manager of the club together with Troels Bech. They were both sacked in June 2005.
He later managed BK Avarta, Ølstykke Football Club, the women's team of Brøndby IF, and Næstved Boldklub.
On 28 June 2012 he was named new manager of Hobro IK. He resigned on 17 January 2013.