Why on earth would Walter Smith, Jim McColl and Douglas Park hand £6m plus to Charles Green and his Sevco consortium.

Smith et al have as much right to form a 'newco' Rangers as Charles Green and, with the fans' support, should do exactly that. Granted that Sevco apparently have the keys to Ibrox, Murray Park and the Albion car park but have the title deeds really been transferred to this consortium? Do they not form part of a standard security, presumably in favour of Craig Whyte? Even if said deeds have been transferred to Sevco, what use are these assets without a football team?

Smith should, with the backing of the supporters, form his own newco Rangers and apply to join the Scottish Football Association and then the Scottish Premier League or Scottish Football League. Football people would, I'm sure, look on such an application favourably.

As for where they play home games: Hampden was good enough for Celtic in their time of need and the national stadium could just as easily serve Rangers.

It would not be long before Green and Sevco were begging the new Rangers to rent Ibrox and Murray Park.

Dr Harry L Riffkin, Leven

There is a solution to Rangers' league membership problem which might well be acceptable to all concerned parties.

If the Scottish Premier League allowed newco Rangers to rejoin their organisation, fans of the club would be happy that they don't have to play in Division 3 of the Scottish Football League and, if the SPL were to rule, at the same time, that Rangers would not receive any TV/sponsorship money for a specified number of seasons, rival fans would have the punishment of the newco they are crying out for. Rangers' share of the money could be distributed to the other clubs.

Financial pain but no humble pie for Rangers, while the others get to have their cake and eat it.

Ken Nicholson, Glasgow