Longmuir's proposals suggested that the two leagues themselves could be reunited if the SFL clubs please the SPL by accepting Rangers into the First Division, but that looks a vague offer by the SPL, hastily made, uncertain ever to be fulfilled.
Wadsworth believes Gretna will face a struggle to get up and running in time to feature in next season's SFL.
SFL clubs, which have no TV deal, have insisted they will hold the SPL to the £2m it is obliged to pay under the original agreement when the then top 10 SFL clubs broke away to form the SPL in 1998.
The 11 SPL clubs which met on Monday agreed to invite Dundee, who finished second in the SFL last season, to take the place of Rangers for the coming season, rather than allow Dunfermline, who finished bottom of the SPL, to stay up.
"The termination is subject to the right of appeal under SFL rules and there will be no further comment from Rangers on this issue".
We are not the hammer-throwers that people painted the SFL players out to be".
The SFL clubs, however, would welcome amalgamation of the present three governing bodies into one.
Doncaster told the SFL clubs that the broadcasters and sponsors could live with Rangers out of the SPL for a minimum of one season, but are not interested in broadcasting the Third Division and would walk away or seek greatly reduced renegotiations.
Annan Athletic have replaced Gretna in the Scottish League after the 29 SFL clubs voted in favour of the East of Scotland League team joining the Third Division.
"Sadly, only one Scottish football body has offered us any help or assistance – the SFL – and I would like to thank David Longmuir, Jim Ballantyne and 29 of their 30 member clubs for inviting us into the SFL.
The SFL, SFA and Scottish Premier League statement read: "We are pleased to confirm that agreement has been reached on all outstanding points relating to the transfer of the Scottish FA membership between Rangers FC (In Administration) and Sevco Scotland Ltd, who will be the new owners of The Rangers Football Club.
