The 30 members of the Scottish football league met to discuss the controversial plan which would see the newco Rangers enter Division One in exchange for a £1m TV rights payment and the introduction of play-offs.
The proposal has prompted widespread anger amongst fans, but chairmen are being asked to consider the financial repercussions of sending the Ibrox club to Division Three.
Feelings are running high in Scottish football, and it is a controversial plan, that has prompted serious allegations.
One SFL chairman claimed Stewart Regan had warned the assembled clubs Rangers' application to the SPL would likely be blocked by the SFA. But the chief executive of Scottish football's governing body said this had been "distorted" and "taken out of context".
These SFL clubs will not vote on whether to put Rangers into the first division until next Thursday. Tuesday's meeting has given them a lot to consider at a key crossroads in Scottish football.
On Wednesday all eyes will be on Hampden once again as the SPL clubs have their say on the fate of Rangers - a football club desperately searching for a league to play in.
Scotland Tonight looked at the issue and discussed it in the studio with the Scottish Daily Mail's chief football writer Stephen McGowan.
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