For all I hate the RS, I wouldn't want them to get relegated or worse, go out of business. It's still one of our biggest games of the season, and one of the best known derbies across the world, and I for one would miss that.
We'd all gloat if it happened, or visa versa with them, but in time we'd miss them.
It's like up here, all the Celtic fans were getting excited when rumours and stories were going around about the state of Rangers finances, some were hoping they would go out of business. I bet after a few weeks, they would soon start to miss Rangers. The Old Firm games are still one of the most fiercely contested games, and they would all miss it. It's a love hate thing. They love to hate each other.
We, and football in general would be worse off without the Merseyside derby.