Original post by MechieRangers went out of business. They weren't relegated, they went into administration and ceased to exist. A new club started up, originally named The Rangers (and later on dodgily allowed to change their name back, cause y'know, it's Rangers). This club was then dodgily admitted into the SFL division 3 despite not having 3 years worth of audited accounts (which is a requirement, but was obviously overlooked, cause y'know, it's Rangers). Spartans had a better case for being admitted into the league system, but that's a bit off the point.
That's what happened, and can't be denied. Unless, of course, you're a delusional being inside the bubble of ignorance of the Govan persuasion.