Years of deflection, misrepresentation, propaganda and downright cheating were exposed for what they were.
HMRC won their "big tax case" appeal against Rangers 1872-2012 FC with all three sitting judges giving a unanimous verdict.
By using Employment Benefit Trusts (EBTs) to pay their players, Rangers were found to have been avoiding paying tax in order to tempt such players to come to Ibrox on highly lucrative contracts.
The club had argued there was nothing wrong with this while at the same time, were very keen not to let other clubs into this little wheeze.
English clubs such as Arsenal had tried to push the envelope with regard to saving on taxes but were at least wise enough to voluntarily work out a settlement once HMRC caught a whiff of what they were up to.
Rangers had ample time but chose to bluff their way through this. By the time they thought it might be a good idea to settle, HMRC's patience had run out and any form of compromise was off the table.
They won the case and the subsequent appeal but by split decisions. This time around, all three judges who presided over the case found them guilty and were unequivocal in their judgement.
In summing up, Lord Drummond Young said:
"On the foregoing basis, we are of opinion that the sums received by the trustee of the Principal Trust and in due course by the trustees of the sub-trusts amounted to a mere redirection of income and thus constituted emoluments or earnings of the employees in question.
"An additional side-letter provided for a discretionary trust payment and the amount of any bonus was typically negotiated by the footballer’s agent as part of his overall responsibility for securing 'proper remuneration' for the player’s services.
"It seems to us to be self-evident that the obligations in the side-letter were part of the employee’s employment package, and provided him with additional remuneration. They were negotiated as part of the total employment package…Once it is accepted that the bonus payments represented consideration for a footballer’s services qua employee, it inevitably follows that those payments represented emoluments or earnings of the footballer in question.
"Furthermore, so far as the footballers are concerned, at least, it seems to us that if bonuses had not been paid they might well have taken their services elsewhere. We realise that the fifth respondent [RFC 2012] was in, potentially, a difficult financial position, competing for good players in an international market where other countries may not have the same rigorous approach to taxation as the United Kingdom. Nevertheless, the law is clear: the payments made in respect of footballers were in our view derived from their employment and thus the payments were emoluments or earnings.
"We accordingly conclude that the primary argument presented for HMRC is correct: the payments made by the respondents to the Trustee of the Principal Trust in respect of employees were emoluments or earnings and are accordingly subject to income tax.
"Furthermore, those payments were made at the time of payment to the trustee of the Principal Trust, with the result that the obligation to deduct tax under the PAYE system fell on the employer who made such a payment."
In short, Rangers cheated to bring the likes of Ronald de Boer, Giovanni van Bronckhorst, Arthur Numan, Dado Prso, Claudio Caniggia. Stefan Klos, Tore Andre Flo, Billy Dodds et al. They cheated to retain the services of Neil McCann and Barry Ferguson.
Players who, had they played by the rules, would not have been at Ibrox.
Yet they got away with it and won many trophies with those players.
Lord Nimmo Smith four years ago ruled that the club that had existed before being liquidated in June 2012, had not gained 'any sporting advantage' by signing players on EBT contracts.
Today's ruling makes Smith's findings null and void.
A fresh inquiry must be held in light of Rangers' guilt which in turn must ask should the league titles and cup competitions that they won with EBT-paid employees be stripped off them?
Some would say that's all in the past but if cycling can strip Lance Armstrong of all his titles, and if Italian football can do the same to Juventus following the bribery scandal of nine years ago, then the same can be done here.
After all, Scottish football need not worry about blotting its honours list - no one won the 1909 Scottish Cup.
There are some of a light blue persuasion who are moaning that this should be forgotten about.
They are sounding like the sprinter who has had his medal stripped for failing a drugs test but protests that his drink was 'spiked'.
There's a lot of that drink-spiking going around eh?
Today's verdict was vindication for those who had reported on this case from the initial stages.
Phil Mac Giolla Bhain was the first to highlight what was going on back in 2010:
Daly, Thomson and Mac Giolla Bhain have also received abuse and threats for merely reporting the truth.
Indeed, one person has already served a stretch in prison for threatening Angela Haggerty, who had edited Mac Giolla Bhain's book, Downfall, which contained a forward by Thomson.
Others within football gave an indication that all was not quite right at Ibrox.
One beneficiary of an EBT was former director Campbell Ogilvie.
He left Rangers to join the board at Heart of Midlothian in November 2005.
Not long after, then owner of Hearts, Vladimir Romanov - already known for his colourful outbursts regarding the state of Scottish football - began to show more venom in his tirades.
Especially if Rangers was on his ire's radar.
Here's an example of one from 2008 when his other club at the time, Lithuanian side FK Kaunas, had knocked Rangers out of the European Cup.
Romanov made veiled references aplenty towards Rangers and their 'conduct'. Which leads one to ask the following question....
What exactly did Campbell Ogilvie tell Vladimir Romanov about the 'secret' of Rangers' 'success'?
By 2012, Ogilvie had already left Hearts and Rangers were dead with another entity assuming a similar name trying to carpetbag their way into the top division instead of starting at the bottom like any other new member.
Romanov launched a scathing tirade against this.
While people may point to how it all ended for Romanov at Hearts - not to mention the chaotic way in which the playing side was run - the old saying of "sometimes a madman can be right" can be applied here.
Ever since the new club calling itself The Rangers was formed by its original pioneer, Charles Green, there have been many in light blue (as well as a host of acolytes) maintaining the myth that their old club didn't die and that this new entity was still the old one (Lazarus eat your heart out).
A new myth saying it was "the company" that died not the club was put around (even though the two had merged well over a century ago) and many swallowed the fiction.
Dave King, current owner (although take a guess as to how long for) of the new club claimed he would try to restore the old club.
One suspects that given HMRC's victory today and the state of the new Rangers' accounts which were released that
this may just be another of King's fanciful notions.
After all, HMRC would now be a very interested party were King even to attempt such a move now given the millions the old club now owe them.
Not surprisingly, the entity currently playing out of Ibrox sought to put some distance between them and the old club that had got into a spot of bother with HMRC.
In an admission (via a statement) that blew the 'same club' fable to shreds, they said:
But it has happened. And the team they have followed since June 2012 as admitted the same club myth was indeed just that.
Because if it is the same club, then HMRC are owed millions upon millions of unpaid tax - plus penalties - which the current entity can't afford to pay off.
However, if those of a light blue persuasion do continue to promote this fiction, then they had best tell those who occupy Ibrox right now this....
Pay Her Majesty's Revenue and Customs what they are owed.
Otherwise, stop the charade and come to terms with the fact that on June 2012, Rangers Football Club, which had been founded in 1872, died.