http://www.bbc.co.uk/sport/0/football/18822598
Stephen Morrow, senior lecturer in sport finance at the University of Stirling : "If you put Rangers into the Third Division then I think there would be a complete renegotiation of any media deals and commercial deals.
"That is quite a big difference for clubs in the SPL and also, by extension, clubs in the SFL too.
"For an SPL club, that could be a difference of £500,000 of income taken away between those two scenarios and, for clubs that are operating on the margins, that's quite a significant difference.
"If you look at the SFL clubs, we can't treat them all the same, but I think a lot of clubs are operating on very marginal positions in that they know where every penny is coming from and every penny is accounted for.
"And, if suddenly, at very short notice - a few weeks before the beginning of the season - there's a risk of £50-60,000 worth of income for somebody at SFL level, that's very, very difficult to be able to recover in that period of time.
"Although the sums of money are different in the SFL than they are in the SPL, the risk is exactly the same - several of these clubs may find it very difficult to manage that loss of income in the timescale that's available.
"Some of the language has been alarmist, but perhaps it needs to be because there are serious consequences here for clubs and for Scottish football generally.
"Friday is a momentous moment in Scottish football's history and our understanding of the finances of Scottish football because it is, in some senses, a tipping point.
"If the decision is taken to put Rangers into SFL3 for good sporting integrity reasons, it absolutely has a commercial impact on Scottish football and it will have commercial consequences and it may fundamentally alter what we understand as professional Scottish football."