I was always of the opinion that Rangers would basically get away with it, and would be plying their trade in the SPL next season and probably finishing 2nd, with little more than a slapped wrist. However, because of the Court of Session fiasco, I am now in the "they're dead" camp. To paraphrase radio announcer Stuart Hibberd on the impending death of George V - "Rangers life is moving peacefully towards its close" .
There are 2 outcomes now as I see it - either newco in the SPL or out altogether. I don't think newco is on so it's out.
Maybe by this time next week it will be all over.