Original sentence: Founded in March 1872, Rangers were one of the ten founder members of the original Scottish Football League, remaining in Scotland's top division until the end of the 2011–12 season.In 2012, The Rangers Football Club Plc became insolvent and entered administration, resulting in liquidation when an agreement could not be reached with its creditors.Its business and assets, including Rangers FC, were bought by a new company, to which the club's Scottish Football Association membership was transferred in time to enable Rangers to relaunch in the Scottish Football League's Third Division at the start of the 2012–13 season
Edited sentence: A new company then purchased Rangers' business and assets, including Rangers FC, and applied successfully for the transfer of the club's Scottish Football Association membership in time to enable Rangers to relaunch in the Scottish Football League's Third Division at the start of the 2012–13 season.Founded in March 1872, Rangers were one of the ten founder members of the original Scottish Football League, remaining in Scotland's top division until the end of the 2011–12 season when The Rangers Football Club Plc entered liquidation