Charles Green will today bid to persuade the Scottish Football Association to drop demands to accept a transfer embargo as he looks to assume Rangers' membership of the governing body.
Green last night revealed he might be forced to accept the 12-month ban in order to assure football is played at Ibrox next season.
The SFA followed the SPL in vowing to facilitate the Rangers newco's admission to the Irn-Bru Third Division after Dundee were promoted the top flight to replace the Glasgow club.
But agreement needs to be reached between Green's Sevco Scotland company and the SFA for the relaunched Rangers to make their debut in a Ramsden's Cup first-round clash against Brechin at Glebe Park on 28 July.
Rangers successfully challenged the transfer ban in the Court of Session before Sevco bought their assets when they were consigned to liquidation.
A judge ruled the sanction was not open to the SFA but the stated punishments range from ejection from the Scottish Cup to suspension or termination of membership.
The SFA would have no control over the outcome were they to hand the decision back to their independent appeal tribunal and chief executive Stewart Regan, who was handed a vote of confidence by the board last night, has asked Green to accept the transfer ban and £160,000 fine, as well as promising to pay back the circa-£3million in football debts that Rangers owed.
Green is now resigned to losing Romanian defender Dorin Goian and United States pair Carlos Bocanegra and Maurice Edu and does not believe a transfer ban is realistic given manager Ally McCoist had already lost a full team of players this summer.
Green told Sky Sports News: "The difficulty we have is we've been working for many, many weeks now on these issues and there is a point where unless I as CEO accept sanctions then we won't be granted permission to join the SFA.
"But it's a balance between what's fair and what's required."
Green, who told Ibrox staff there will be job cuts yesterday, added: "We are now accepted as a member of the football league but we are unable to even play a friendly and the first cup game is in less than two weeks.
"We haven't got many players because some who have been tremendously loyal, Goian for example, they came back hoping that some sense might have prevailed.
"He was happy to commit to Rangers even if we were not in top flight but clearly we can't expect an international player to be playing in Division Three, unfortunately.
"We're going to lose some more now for different reasons than the others.
"It does increase the pressure on Ally even further. We're asking him to manage a club where the SFA still want to put some transfer embargo on us and we haven't got any players at all."
The SFA said in a statement: "The new season begins in less than two weeks and it is incumbent on the Scottish FA to conclude all outstanding issues relating to Rangers FC.
"To that end, we aim to meet with the club this week with the intention of achieving a satisfactory outcome for all parties so that we can focus on football in time for the new campaign."