Game 'loses £16m' if Rangers drop to third division

THE Scottish Football League have told their member clubs that accommodating Rangers in the third division will take £16m out of the game, putting the annual £2m settlement agreement paid by the Scottish Premier League at risk.

In a document circulated to all 30 SFL teams, the prospect of an SPL2 is described as "not currently supported by the SFA", while Rangers being terminated or suspended will lead to "complete financial meltdown".

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