Ally McCoist believes it could be “morally” correct for Rangers to be forced to apply to join the Scottish Football League and play in the Third Division next season.
The manager though has warned the move would not necessarily be to the benefit overall of the Scottish game.
"It's a tough one," said McCoist. "It might be the right thing to do morally and people will have their own opinions on it, with differences far and varied.
"There's an argument the right thing to do is for Rangers to go down to the Third Division and that might be the case if it's a newco after liquidation.
"But is it the correct thing to do for Scottish football? Probably not. Everybody's got a dilemma and that's why there are so many opinions on it.
"Whether people like it or not, Rangers and Celtic are different because of the size and magnitude of the two clubs.
"Supporters of other clubs and some Old Firm supporters say you can't have rules for some clubs and not for others.
"In an ideal world, that would be 100 per cent correct. I would absolutely and totally agree with that.
"But the fact of the matter is we're asking if it would be good for the rest of the SPL if Rangers went down to the Third Division? The answer has to be no.
"I don't envy the people who have to make that decision. I can understand the hypocrisy of it but Rangers and Celtic are different."
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