Charles Green’s consortium aka Sevco Scotland, which owns the Ibrox club’s assets, needs the SFA membership to play in the Third Division this season and has ultimately bitten the bullet, despite Green’s previous comments who argued that such a ban would prevent the club competing given the number of players who have walked away.
Following discussions between all parties, the Scottish FA revealed this afternoon that an agreement had been reached which would allow Rangers to buy players during the current transfer window before the embargo kicks off.
A statement on the official Scottish FA website read: “The Scottish FA can tonight clarify the position surrounding the outstanding Appellate Tribunal related to Rangers FC Oldco.
“It has been agreed with Sevco Scotland Ltd that the registration embargo will be accepted as a primary condition of a transfer of membership.
“It is necessary to complete the judicial process following the determination by Lord Glennie in the Court of Session that required the Independent Appellate Body to revisit available sanctions relating to Oldco, having been found guilty of bringing the game into disrepute.
“The Scottish FA indicated to Sevco Scotland Ltd that they had to accept responsibility for any sanctions arising out of this case as a condition of transfer of membership.
“Rather than convening the Appellate Tribunal to determine from the sanctions available to it, the company directors of Sevco Scotland Ltd have chosen to accept the 12-month registration embargo. This embargo will begin on 1st September 2012 and end on 31st August 2013.”
There have been other reports than other conditions of membership would entail the Rangers newco paying all their football debt off to clubs in Scotland, England and in Europe.
The statement added: “Sevco Scotland Ltd have also undertaken to accept all other outstanding conditions relating to Oldco’s charges of bringing the game into disrepute. The conditional offer of transfer will now be submitted to the Appellate Tribunal for its consideration. This will form part of the approval process for the transfer of membership which, once approved, will enable Rangers FC to take a considerable step towards participating in Irn Bru Division Three.”
The disrepute charge which led to Rangers being hit with the transfer embargo initially was mainly down to the club’s failure to pay over £13 million in taxes owed last season. A transfer embargo which was challenged by Rangers administrators Duff and Phelps, with Lord Glennie ruling that the Scottish FA tribunal could not impose such a ban on the club.
The statement ended with a comment in regards to the Ibrox side’s membership application: “In addition to the above, the Scottish FA has also received the necessary financial information requested and this is being considered as part of the application process.
“Subject to the completion of all legal documentation, we anticipate transfer of membership next week.
“The imposition of conditions relating to transfer of membership was made on the basis that the Scottish FA, as the governing body, has an obligation to protect the integrity of the national game and to ensure that all member clubs operate within the Articles of Association.”