I would be amazed if the SPFL press ahead with the arbitration now.
The interesting part of their argument was that Park’s is not a member of the SFA.
My reading of that is that they know they could threaten Rangers with non-compliance sanctions.
They could also force Rangers to participate in proceedings with non-disclosure rules.
But they cannot use either of those tools against Park’s.
In other words, their usual bullying tactics would be completely ineffective.
I think they will not want to continue as they could not risk their dodgy dealings being revealed publicly.
I suspect that McLennan is behind the dodgy deal and will be, in some guise or other, a recipient of some of the £500k ‘commission’.
The guy from cinch allegedly worked for Shifty (McLennan) McGifty, famous for his ‘I hate those orange bastards’ quote!!