Rangers' SPL KO in 2012 led to talk of real uncertainty - all overblown - regarding the future of Scottish football.
Having one of the two best supported and most competitive teams exiled from the top flight raised concerns over the competitiveness of the league, and even sparked fear it could negatively impact their rivals Celtic.
As expected on the field, Celtic have eased to league success, and their failure to reach the Champions League group stages was a telling, if not unique, disappointment.
Celtic held their AGM last week, and two big statements came from it regarding Rangers.
The Daily Record reported chief executive Peter Lawwell as stating: "We’ve sought to replace the decreasing revenue streams from Scotland by transfers and playing in the Champions League."
“This has probably been the most difficult time I’ve known to attract players to Scotland, although I think we did a great job in the summer.
"We need to convince people and find the resources to bring the best we can here and create a winning and entertaining team."
The scale of those revenue streams was explained further by the Record, which stated: "Lawwell also confirmed again the absence of their old rivals from the top flight is costing Celtic £10m in lost revenues annually but that there would be no rescue plan proposed from Parkhead if Rangers don’t make the Premiership next year."
Celtic spent £2 million this summer, with top scorer John Guidetti only a loanee, and made £12 million in player sales, offsetting that £10 million loss.
In the last two seasons they have made £22.5 million from Southampton from selling Fraser Forster and Victor Wanyama.
This season the Rangers and Celtic have been drawn together in the cup semi-finals, and they play for the first time since 2012 this coming January. The keenly anticipated contest will again draw interest from around the world, and be of financial benefit to both sides.