Is the phrase "The Old Firm" now redundant, given Celtic's insistance that Rangers' well-being is immaterial to theirs?
The connectivity of the two clubs in the minds of many fans, who care not a jot for the Glasgow pair, may have been broken with Rangers' desperate situation and Celtic's clear stance.
Celtic have been run prudently and with diligence. Rangers have not.
How might the ongoing situation affect the rest of Scottish football though?
As someone based far away from the parochialism of Glasgow, and who dips his toes in the waters of that city's big two only when the editor asks politely (see my last blog on Sir David Murray), I am more interested in what Rangers' changed circumstances might mean for the wider Scottish game.
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Sir David Murray may be wondering if his knighthood will go the way of Fred Goodwin's gong.
Murray was honoured for services to business in Scotland in 2007.
Now though, some are asking, if there is such a thing as a football forfeiture committee, should its first task be to strip the former Rangers owner of his tarnished title.
Craig Whyte's early tenure at Ibrox seems to have been hapless.
However, it is too early to judge that with certainty, since we cannot be sure whether the move towards administration was not part of his strategy from day one.
Murray's stewardship of Rangers can now be seen to have been disastrous.
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Will Rangers' exit from the Scottish Cup galvanise their supporters into any reaction, other than resignation and apathy?
Are the light blue legions capable of the same kind of action which supporters of other Scottish clubs organised, when they felt their own clubs were in serious danger?
A crowd of just 17,800 for the defeat at Ibrox from Dundee United is a worrying portent.
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