Not really a surprise, but the Rangers FC did not get the required 8-4 margin for the newco to gain access to substitute themselves for the Craig Whyte-owned, pre-administration Rangers that holds the record for most titles by a team in any league around the planet.
The vote took about five hours of discussion and now the team has applied for entry into the Scottish Football Association. The team could be playing in any one of the three leagues not involved in the Premier League.
The fall of Rangers continues... and it's still a pretty big fall that's not over with since the owners are still trying to figure out just how much is owed to Her Majesty's Royalty Council (HMRC, the Queen's version of the IRS).
Here's the statement from John Brown as he tries to get Charles Green to sell Rangers and let the fans have them for the new start...
((HT: SkySports/youtube))
As the fans always are trying to keep the club's best interest at heart, it seems Rangers will have a long way back from a long way back...
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