The newco's application to inherit the oldco's membership of the Scottish Premier League was rejected by the other 11 clubs and instead it was voted into the Scottish Football League's ThirdDivision.
Forfar's ThirdDivision match against Queen's Park was called off despite the clubs looking into the possibility of a switch to the Spiders' Hampden Park.
The Glasgow giants, 54 times Scottish champions, went into administration last summer and were started up as a new club playing in the Scottish thirddivision.
Even more intriguing is MLS's partnership with the third-division U.S. league, USL Pro, that will see MLS reserve teams integrated into that league's schedule.