Good news for fans of other clubs, the rest of us will be okay if Rangers do cease to exist.
Gordon Smith said while at Rangers "Unlike many senior figures in the Scottish game, Smith has no fears for the wellbeing of the clubs Celtic and Rangers would leave behind in the SPL if they did move on to help form a new league.
In fact, he is adamant that other clubs having an increased chance of winning the national title for the first time since Aberdeen back in 1985 would result in vastly increased gates and general renewed interest."
Phew, so it seems all the scaremongering from the Rangers media and Rangers fans that scottish football is dead without them was just a ruse after all.