RANGERS' ultra-slim chances of being admitted into next season's SPL were dashed today (Wednesday) when top-flight clubs voted "overwhelmingly" to reject the newco's application.
Much speculation surrounded the meeting at Hampden, with fears that the vote to decide the liquidated Glasgow club's fate could be postponed, or that some chairmen may go against their public stances and opt Rangers into the top division due to financial fears.
Newco Rangers will now not be replacing the "old" Rangers in the SPL and it will now be up to football chiefs to decide which of the three Scottish Football League divisions they should enter.
Yesterday's meeting between representatives from the Scottish Football Association, the SPL and the 30 SFL clubs raised the possibility of Rangers joining Division One next year, being replaced in the top-flight by last term's runners-up Dundee. Many SFL clubs say they feel pressure is being put on them to accept Rangers at this level by their SPL counterparts.
The SFL vote will be held next Thursday in Glasgow, with strong opposition to Rangers simply dropping into Division One already known and it could be the Gers, like Airdrieonians, as a new club before them, and Livingston, who went into liquidation, will kick off next month in Division Three.
There have been fears raised that losing Rangers to one of the two top leagues could cost Scottish football as a whole £16million as Sky TV threaten to pull the plug.
Ahead of today's crunch vote, eight of the 12 clubs, including Caley Thistle, made clear they would vote against Rangers and now the fallen giants' chief Charles Green is left to pick up the pieces and wait to see what next week's SFL vote decides.
On Tuesday afternoon, as the nation took stock of the latest events, Rangers chairman Malcolm Murray apologised for the impact the club’s plunge into the gutter has had on Scottish Football.
A poll of Rangers fans showed that more than 75 per cent would rather see the club begin life in Division Three.
Whatever happens, McCoist will be starting with a shadow of the squad that finished runners-up to Celtic in May.
Steven Whittaker this week agreed to join Premiership club Norwich City, while John Fleck is on the brink of a move to League One’s Coventry City and Jamie Ness has signed a four-year deal with Stoke City in England’s top-flight.
Kyle Laferty is joining Swiss club Sion, while Scotland keeper Allan MacGregor and midfielder Steven Davis are on the wanted list of many English clubs.
The players have moved on from Ibrox, despite Green’s warning that he’ll be claiming money back from them as a result of quitting.