Vice-chairman John Bennett is confident Rangers remain on the path to financial "self-sustainability" - and won't need a transfer exodus to achieve it.
Bennett has provided an update on the club's finances and the continued recovery from a period of turbulence.
The Premiership champions have been clear that player trading will become a key part of their business model and that will mean selling top stars for the right price.
But Bennett insists the club will not be short-changed as he backed boss Steven Gerrard's stance that potential suitors need to bring "an army" to wrestle top stars away from Ibrox.
Bennett told the Louden Tavern Podcast: "We mustn't ever again go to a level of overreach where we jeopardise this club. Never again.
"We think we can achieve every success we want to achieve at home and in Europe within the bandwidth of a sustainable model.
"Eyebrows were raised last summer when we signed Cedric Itten, Kemar Roofe and Ianis Hagi and made no sales.
"So when I talk about player trading, it doesn't mean you sell at prices that are undesirable, don't meet your valuation and don't meet the medium and long-term plan. This is very well thought out - no fire sales but planned player trading. We're on the cusp of that."
Bennett is hopeful Rangers can reach an equilibrium "within the next 12 to 18 months" where reliance on investors is markedly scaled back.
He continued: "In the accounts we made it clear about the funding needs and deficit going forward and how we planned to meet that.
"That, of course, has been through the investors and remains the investors.
"The deficit we did have is coming down. It's been our job to do what we've done - deliver 55, go toe-to-toe with top teams in Europe - but do so while heading towards sustainability.
"So the funding deficit is down - but it isn't out. And some time in the next 12 to 18 months, we really want to be there.
"Transfer windows will have really big part to play in that. Let's wait and see.
"But if I see the rate we've whittled down the financial deficit, which is still meaningful, then within the next 12 to 18 months - and we need things to go our way - I think we're looking at financial self-sustainability."
