"It is the sheer lack of any commercial sense to this ruling that has shocked us," a source close to the club's emergency regime told the BBC.
"It is a bit like a court telling the administrator of an engineering company that they can survive but they're not allowed to trade any stock."
Critically, he's forgetting that in that analogy, it would be an engineering company guilty of tax evasion and cheating on a rampant scale.
This attitude of, oh, it wisnae us, don't punish us, is an utter nonsense. They must carry the can.
View Poll Results: What is your attitude to a new "Rangers" entering at Div1?
- 917. You may not vote on this poll
Opposed - and will walk away from Scottish professional football
Opposed - but will continue to support the game.
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