Green has interpreted comments in a report from Lord Nimmo Smith, who is chairing the SPL-appointed commission probing alleged undisclosed payments to Rangers players, as proof that his company need not have applied for membership of the SPL or the Scottish Football Association.
Sevco Scotland, as they were then known, were denied entry to the SPL following a vote of member clubs after buying the assets and business of the soon-to-be-liquidated Rangers.
In a statement, Green said: "Lord Nimmo Smith has said that Rangers FC is a recognisable entity which continued in existence notwithstanding the change in ownership. He also stated that Rangers FC, the club, includes its owner and operator. The commission has in effect ruled that Rangers and its history did not die on 14 June despite numerous reports to the contrary.
"This means that Rangers FC and its owner, i.e. me and my consortium, remained a member of the SPL even after the change of ownership. The bemusing part is that no-one at the SPL or SFA appeared to realise that. The SPL made the club (including its owner and operator) reapply to be a member of a league that the commission says it was in already."
Nimmo Smith refers to newco and oldco throughout his lengthy report on the first stage of the hearing and also states that: "Newco is not and never has been a member of the SPL."
But he adds: "In legal terms, it (a club) appears to us to be no different from any other undertaking which is capable of being carried on, bought and sold."
Green also hit out at the SFA, who transferred Rangers' membership to his company days before the season began in July following protracted negotiations.
Green said: "That recognisable entity, Rangers FC, then re-appeared suddenly when the SFA demanded that we pay oldco's debts despite there being no legal obligation to do so. The SPL then wanted Rangers FC and its new owners to admit guilt in relation to EBT breaches that had never been framed and accept five stripped titles.
"Rangers FC suddenly vanished again when UEFA informed the SFA that Rangers FC were due in excess of 300,000 euros for player participation in the Euro 2012 qualifiers, the SFA have refused to confirm that the monies are due to Rangers FC despite obligations placed on them from UEFA that these monies should be distributed to member clubs."