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The SPFL have apologised to Rangers over the Cinch sponsorship row, with chairman Murdoch MacLennan promising an ‘independent review of governance’ to prevent a similar issue arising in the future.
In a statement the Scottish Football League’s  governing body said:
“The SPFL regrets any damage to the reputation of Rangers and Park’s as a result of the dispute”
“The SPFL has accepted that Rangers had a pre-existing contract with Park’s at the point that the SPFL entered into its title sponsorship contract with cinch in June 2021.”
“All three parties have now agreed to withdraw the resulting Scottish FA arbitration, with the SPFL making a contribution to the costs of Rangers and Park’s. These sums will be donated to charity.”
SPFL chairman Maclennan added:
“I am particularly grateful for the constructive approach shown by all parties in helping resolve this long-running situation and am very happy to apologise if there has been any damage to the reputation of Rangers FC or Park’s of Hamilton.”

“Going forward, we have also agreed to commission an independent review of governance to help ensure the SPFL can avoid any such dispute in the future. This review will commence in October 2023.”

“I am pleased we have put this matter to bed at last and am now looking forward to working constructively with Rangers and our 41 other clubs at what is a hugely exciting time for Scottish football as a whole.”