It looks like something cobbled together in a hurry, the kind of thing posted on this board as a spoof.
It's full of typos and logical or grammatical errors:
1. "Rangers have no where to go". It's 'nowhere', you clots. And there is no 'Rangers' any more, because the did have somewhere to go - the grave.
2. "Takes approximately £16 million out of the game". But that £16M was mostly going to Rangers so the majority of teams aren't much worse off - especially not the SFL clubs that this missive is aimed at.
3. "Commercial partners walk away and seek compensation". Proof? Scare-mongering tactics.
4. "The settlement agreement becomes a major risk", What 'settlement agreement'? What is this?
5. "The sporting opportunity is quashed for other clubs". Not enough info in that bullet point to work out what they mean. If they mean that no Rangers means no chance to beat or be beaten by Rangers, I'd propose that honour would transfer to whichever club takes their place.
6. Section 3, "Rangers to SFL1", is crazy. For example, the first bullet says "Reduces SPL income by approximately 30%" but that applies to every option other than 'Rangers voted into SPL' so why only state it here. It's also nothing to do with the SFL clubs being addressed.
7. More of the same...
Ach, I've lost the will to go any further. The whole document is unstructured and illogical, full of non sequitors and doesn't properly address its target audience. Why, if I didn't know better, I'd say that it might have been written by someone who wasn't actually part of the SFL set-up. But that couldn't be the case. Could it?