Ally McCoist was given the green light to add to his threadbare squad when the Scottish Football Association confirmed that Rangers newco has accepted a 12-month transfer ban, beginning on 1 September, as "a primary condition" of gaining membership of the SFA.
The registration embargo and a £160,000 ($241,500) fine were handed down to Rangers by the SFA's independent
The Ibrox club successfully challenged the ban in the Court of Session before
Lord Glennie ruled the sanction was not open to the SFA, who referred the matter back to the tribunal.
Punishments available to the panel were: expulsion from the game and termination of membership, suspension of membership or suspension from the Scottish Cup.
However, Rangers' acceptance of the original decision with a delayed implementation, which is still be ratified by the independent panel, is a compromise which will allow McCoist to recruit players as he prepares for life in the Third Division.
The Ibrox boss has lost several players such as
McCoist has over five weeks to find the players to help him, in the first instance, get out of the Third Division.
The SFA released a statement which read: "The Scottish FA can tonight clarify the position surrounding the outstanding
"It has been agreed with
"It is necessary to complete the judicial process following the determination by Lord Glennie in the Court of Session that required the Independent Appellate Body to revisit available sanctions relating to Oldco, having been found guilty of bringing the game into disrepute.
"The Scottish FA indicated to
"Rather than convening the
"The conditional offer of transfer will now be submitted to the
"This will form part of the approval process for the transfer of membership which, once approved, will enable Rangers FC to take a considerable step towards participating in Irn Bru Division Three.
"In addition to the above, the Scottish FA has also received the necessary financial information requested and this is being considered as part of the application process.
"Subject to the completion of all legal documentation, we anticipate transfer of membership next week.
"The imposition of conditions relating to transfer of membership was made on the basis that the Scottish FA, as the governing body, has an obligation to protect the integrity of the national game and to ensure that all member clubs operate within the Articles of Association."
The Central Coast Mariners have already shown they can match Guangzhou Evergrande in terms of performance, but will need to do it again on Wednesday to have any chance of reaching the quarter-finals of the Asian Champions League.