Rangers owner Charles Green says the club is doing everything in their power to try and acquire a Scottish Football Association (SFA) licence in the next two days.
The Glasgow club have been placed in the Scottish Third Division after a vote from all Scottish Football League clubs forced their demotion with Dundee replacing them in the top flight.
At this stage, Rangers don’t have a licence to play in the SFA and that may only come if they agree to punishments handed down by the governing body including the 12-month transfer embargo that was issued last season and by committing to pay around £3million in oldco debts to other clubs.
The chief of Rangers’ newco is now determined to obtain the required licence so the Ibrox outfit can continue playing football next season, despite it being in Scotland’s fourth tier.
“The key for Rangers fans are the issues outstanding with the SFA and most of the items which have been talked out for weeks are the transfer embargo, fines that were put out there and payments to football clubs in terms of transfers that had happened previously,” he said.
“It’s for the newco to take on board the sins of the oldco to clear the way forward.
“We are now accepted as a member of the Football League but are unable to play a friendly and we have our first cup game in less than two weeks.
“There is a point that unless I accept sanctions then we won’t be granted permission to join the SFA.
“Nobody is walking away from the problems created by the previous owners but they have now been laid bare. The sanctions have been taken, the manager and Board and all the employees have had to deal with that.
“I addressed staff today and there will be job losses.
“We need to draw this matter to an end now and get the SFA to agree membership for us, so we can all get on with our lives and rebuild.”