The clubs voted on Wednesday morning and Charles Green's newco failed to secure the majority of eight to four needed to allow their entry into the SPL.
The SPL announced the news in a brief statement after more than five hours of talks at Hampden on Wednesday.
SPL chief executive Neil Doncaster earlier hinted the vote could be deferred amid fears over the financial consequences of the Ibrox club starting their new life in the Third Division, but clubs carried through their vow to deny Charles Green's bid.
An SPL statement read: "At today's General Meeting, SPL clubs today voted overwhelmingly to reject the application from Rangers newco to join the SPL."
The Juventus jersey for the 2013/14 was released earlier this week. Be the first to wear the colors of the Old Lady.
The new PUMA evoSPEED 1.2 FG. A great new soccer cleat with classic look and first time for PUMA to be on the cleat.
The push for more color on their cleats, adidas has added the infrared colorway to the adiZero f50 Line.
Bayern Munich are kings of Germany and hope to be crowned kings of Europe at Wembley later this month!
The adidas Nitrocharge is the most talked about new cleat in years. It was released on May 15 and will take your pitch by storm.
adidas has added some color to the Predator line with this new colorway. Released on May 17. Be the first to own a pair.
One of the top soccer cleats for control the Nike CTR360 will not let you down on the field in tight spaces.
Ajax has released their away soccer jersey for the 2013/14 season. Get in the Gear.
The Liverpool 2013/14 soccer jersey is available for pre-order. The Reds are eager to compete for silver next season.
Borussia Dortmund hears Wembley Calling and are headed to London for the Champions League final.