He said: "Lord Nimmo Smith, chairman of the Commission set up by the SPL, has highlighted an extremely important issue in his recent judgement regarding the Commission.
"Lord Nimmo Smith has said that Rangers FC is a recognisable entity which continued in existence notwithstanding the change in ownership.
"He also stated that Rangers FC, the club, includes its owner and operator. The Commission has in effect ruled that Rangers and its history did not die on 14 June despite numerous reports to the contrary.
"This means that Rangers FC and its owner, i.e. me and my consortium, remained a member of the SPL even after the change of ownership.
"The bemusing part is that no-one at the SPL or SFA appeared to realise that. The SPL made the club (including its owner and operator) reapply to be a member of a league that the Commission says it was in already.
"If the Commission is right then the change of ownership was frankly irrelevant to SPL status. Nevertheless we duly applied and that application was rejected.
"We were also informed by the SFA that Rangers FC had never in its long existence been a member. That really left us scratching our heads because pride of place in the Boardroom at Ibrox is a framed and mounted certificate of membership signed by Jim Farry confirming that "Rangers FC is a full member of the Scottish Football Association".
"So taking the Commission's reasoning and our newly acquired framed membership certificate you would have thought, not unreasonably, that Rangers FC and its owners were in the Scottish Football family.
"You would have thought wrong. No we were told. We needed to apply for oldco's membership! The SFA didn't officially recognise Lord Nimmo Smith's recognisable entity.
"That recognisable entity, Rangers FC, then re-appeared suddenly when the SFA demanded that we pay oldco's debts despite there being no legal obligation to do so.
"The SPL then wanted Rangers FC and its new owners to admit guilt in relation to EBT breaches that had never been framed and accept five stripped titles.
"Rangers FC suddenly vanished again when UEFA informed the SFA that Rangers FC were due in excess of 300,000 euros for player participation in the Euro 2012 qualifiers, the SFA have refused to confirm that the monies are due to Rangers FC despite obligations placed on them from UEFA that these monies should be distributed to member clubs.
"If the Commission is correct about this recognisable entity then the SPL and SFA must be wrong in making that entity apply to join bodies it was already in.
"Maybe they should both appoint Lord Nimmo Smith to form a Commission to investigate and tell them who their member is.
"In our view the Commission chaired by Lord Nimmo Smith has been placed in an invidious position by the SPL.
"The establishment of the Commission is the most striking example of the chaotic way the fate of Rangers has been handled by the football authorities.
"As we stated previously, it is impossible for us as a club to participate in a process we firmly believe is fundamentally misconceived.
"We believe that most people would not think it right that a football authority that was willing to horse-trade league titles and cups for league status, should then embark on the course of action it has chosen in setting up a Commission. There is no clearer case of moving the goalposts."