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  • Not a relegation. Rangers (oldco) has been liquidated. A new company (Sevco) was established which purchased the IP from the oldco administrators and was admitted to the league pronto by the SFL. A switcheroo which saw various shysters fill their boots (including Alistair M McCoist).

    The oldco insolvency was triggered by HMRC rather than the SPL, SFL or SFA.

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