This is probably the longest piece I've seen about Rangers in a while, but its interesting.
http://scotslawthoughts.wordpress.co...e-gound-rules/
He brings up a few decent points:
1) Rangers FC are a separate entity from the owning company (Oldco and Newco) and thus are a continuation of the club. I know its been debated back and forth on here, but from the way the club is being discussed in the documents from the tribunal, it looks like it is now confirmed as all one thing.
2) From what I can tell, Oldco, rather than Newco, will be liable for any fines etc that may be brought upon the Rangers FC club
3) The SPL has no direct jurisdiction over Newco (as its never been a member of the SPL), but they do over Oldco and Rangers FC (but only during the years that they fell under the SPL). As Rangers FC is a continuing entity, any past digressions CAN be punished and brought onto the club
4) Both Oldco and Newco were going to go to the hearing until they both pulled out at the last second, under legal advice
5) However, if they don't turn up, it will be incredibly hard for them to appeal anything, as it will be easy to argue that they could have avoided an appeal by turning up to the tribunal and arguing their case in the first place.