Fallen giants Rangers have accepted a one-year transfer ban, beginning on September 1, to ensure their membership of the Scottish Football Association (SFA).
The transfer embargo and a £160,000 ($249,950) fine were initially handed down to Rangers for a range of offences including the club's failure to pay tax under former owner Craig Whyte.
Rangers successfully challenged the ban in the Court of Session before Charles Green's Sevco bought their assets when the Glasgow club were consigned to liquidation.
But the change to a new company meant the SFA were able to insist that Rangers serve the ban or face rejection from the Scottish Football League.
The Rangers new company were voted into the Third Division by the country's Football League clubs after failing in their bid to get back into the Scottish Premier League.
A statement from the SFA read: "The Scottish FA can 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.
"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."
Source: AFP
