Despite claims by others to the rights to the club's name, the owner of the name of the club that went bankrupt, "Third Lanark Athletic Club Ltd", is former Glasgow MP Sir Teddy Taylor.
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New Cathkin Park was actually the first Hampden Park, before Queen's Park sold it to Third Lanark and moved to a new stadium of the same name in Mount Florida.
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Prior to this, Glasgow had six other professional clubs: Clyde, which moved to Cumbernauld, plus Third Lanark, Cambuslang F.C, Port Glasgow Athletic F.C., Cowlairs F.C. and Clydesdale F.C., who all went bankrupt.