Falkirk captain David McCracken heads in the only goal as the Bairns move into fourth spot in the Championship.
Substitute David Gold hits a late equaliser for the visitors to dampen Craig Gunn's hat-trick celebrations.
Clyde Blowers chairman Jim McColl believes Rangers will prosper under the new regime running the Championship club.
Football financial expert David Bick believes Rangers’ new shareholders and investors would have known of the existing terms in place on loan players from Newcastle before they ploughed more cash into the club.
Payment must be made by Rangers owing to clause in the deal that took five Newcastle players to Ibrox
BRORA Rangers have said they will try to get through the promotion play-offs despite having no desire to play senior football.
Scotland head coach Anna Signuel selects an experienced squad for next month's friendly against Australia in Falkirk.
Rangers could have to shell out £500,000 for five Newcastle loan signings made during the transfer window should they gain promotion to the top flight of Scottish football this season.