Rangers FC (1872) is dead.
From rangerstaxcase.com: "The ruling bodies of professional football in Scotland now have the responsibility to determine whether a Newco attempting to transfer Rangers’ league ‘share’ and SFA membership will be allowed to join the top flight of the Scottish game - and if so - when. What must be clear is that any organisation that has bought another club’s share.
What must be clear is that any organisation that has bought another club’s share / membership must also face the punishments that awaited the old club. To allow a newco-Rangers to ditch its legacy responsibilities will be to set an expectation that others can do likewise. The battleground is now going to shift and we can expect a massive effort to convince us that an SPL without Rangers would be unbearable."