The Glasgow giants could be free to buy players this summer after learning that the governing body will not fight Lord Glennie's decision to invalidate their punishmentThe Scottish Football Association (SFA) will not appeal against a court's ruling that the transfer embargo placed on Rangers was done so outside of their powers.
An SFA panel handed the club a 12-month ban on signing players aged 18 and over in April following their descent into administration, but that was overturned by Judge Lord Glennie, who called for a second tribunal.
The Glasgow club will remain under a transfer embargo for as long as they are in administration but the publication of a Company Voluntary Arrangement proposal means that could end as early as July 12.
The governing body have released a statement outlining their intention to accept the decision but expressed regret that the matter had reached the courts.
"Football must always operate within the law of the land," the statement read.
"None the less, it is regrettable that a member club has sought recourse for a football disciplinary matter through increasingly costly civil court action.
"The right of appeal is now open to the Scottish FA through the Court of Session.
"However, by so doing, the very principles on which the Scottish FA - and, for that matter, Uefa and Fifa - are founded, namely football disciplinary matters being dealt with within its own jurisdiction, would be fundamentally compromised.
"Therefore, it is our intention to accede to Lord Glennie's request and refer the matter back to the appellate tribunal, which will consider the remaining sanctions open to it.
"Details of a new hearing date will be confirmed in early course."