I believe this has already looked into and the possibility of a case being brought to court are just not on. Whatever way they have covered themselves, this is a non-starter.
Whatever happened to the SFA admitting that they may have to take Sevco 5088 to CoA for Sport to enable them to sort out the illegal granting of a UEFA licence - due to the fact that the 5-Way-Agreement disabled them from taking action against Rangers (2012)?
Maybe if Auldheid is available he could share his thoughts?
Auldheid, yet another Celtic great