Interesting discussion after that post about whether this will be the case or not, citing other SFA rules.
Seems to me that with talk of CVA more optimistic than it has been for some time this will be crucial in what kind of rangers we see in the next few years. Crucial to rangers functioning as a viable business will be restructuring of the wage bill which will mean selling a number of players, which will also help pay off the debt, and replacing them with cheaper players. Mind you this then will have an impact on all the Champs League money they seem to be determined to rely upon.