Regarding The Rangers in the Second Division, as an SPL club at the point of the newco vote, won't the Pars be on 'the list' of enemies? Thus, invoking boycott-mode as a GIRFUY.
I'm not seeing the relevance of the cost involved in a league body enforcing it's rules and the member clubs' interest in that. Do the SPL split up it's profit between members?
I work in commercial banking, I'm well aware of what a security is.
I was trying to establish what security you think Masterton has against the company.