Hearts are owed £800,000 from the transfer of Lee Wallace to the Ibrox club, while Dundee United, Inverness Caledonian Thistle and Dunfermline are owed gate receipts from games against Rangers.
The clubs are classed as unsecured creditors and with the administrator in control of finances at Rangers, the quartet of SPL clubs could end up failing to get the money owed to them.
But could these same SPL clubs take a leaf out of Rangers own book and turn it against the Ibrox side?
In 2000, Sir David Murray stuck the knife firmly between Airdrieonians shoulder blades at a time when the club were in provisional liquidation. The then-Rangers owner instructed lawyers to take court action to arrest Airdrie’s share of gate receipts for a Scottish Cup tie against Dundee United, applying for an interdict for a debt of around £30,000 owed by Airdrie.
At the time Murray said: “I feel very sorry for Airdrie and their supporters but we’re running a business. We have given them repeated warnings and felt they were playing on our good nature.”
So what is stopping the quartet of SPL clubs owed money doing likewise to Rangers? Are these clubs not running a business?
The 124 year old Lanarkshire club dissolved in 2002, the first Scottish League club to do so since Third Lanark in 1967.
All SPL clubs are set to sell tickets to the Rangers support direct to the supporters when the Ibrox side come calling, bypassing the Ibrox side entirely, as a means to safeguard their own future revenue stream.
But business is business after all isn’t it?