THE SPL's new agreements with Sky and ESPN are deals which will set alarm bells ringing.

Literally. Over the past few days there has been a rush to acclaim the contracts signed with the two broadcasters and the palpable sense of relief – from club boardrooms and governing bodies – has been understandable. Supporters of most clubs have embraced the deals, too, as a repudiation of the line they'd been fed that the game would disappear down the plughole if Rangers were sent down the leagues.

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