Rangers have responded to the SPFL 's announcement of a new sponsorship deal with cinch, claiming the new agreement provides "full vindication" of their position.
The Ibrox club refused to display the sponsor's logo or have players and staff appear in front of it due to a conflict of interest with a chairman Douglas Park' s firm, Park Motor Group.
The League have now confirmed that they have extended their sponsorship agreement with cinch, but that Rangers are no longer contractually obliged to promote cinch.
And the Govan outfit have now responded, saying the latest development means they were right to carry out the cinch blackout, and again questioned the league body's governance.
“This is a full vindication of our stance throughout the past season and further highlights wide-ranging concerns regarding the corporate governance of the SPFL.”
SPFL chief Neil Doncaster insisted that the terms of the new deal would not see other clubs lose out as a result of Rangers' exclusion.
He said: “Under the terms of the revised cinch contract, Rangers are no longer required to participate by providing the sponsorship inventory that they have so far not provided, whilst, crucially, the overall income to Scottish football is expected to remain materially unchanged over the original five-year term of the sponsorship.
“This revised package has now been approved by cinch Premiership Clubs.
“It’s extremely good news that we have been able to work with our partners at cinch to develop an updated sponsorship package which delivers the same level of financial support to Scottish football, whilst providing additional SPFL media assets to cinch to compensate for loss of Rangers related rights. It is testament to the strength of our relationship with cinch, and the high value they place on it, that they have agreed to move forward with us on this basis.
“This deal gives us further confidence that we will exceed our budget and deliver fees to Clubs of more than £27.5 million for Season 2021/22.”
