Fortunately, in considering their position, HMRC will adopt this approach.
Much as I'm growing tired (and wary) of speculating as to what will happen next, I'm as close to 100% about two outcomes as I'm ever likely to be:
1) There will be no CVA;
2) If Rangers exist as an entity in any form, and it is a facility that is available to them, ALL the SPL chairpersons will vote in such a way as to permit their direct entry to the league.
The SPL will adopt the safety in numbers approach. They'll circle the wagons and ensure that no-one is too vulnerable and can get picked off. This is the harsh, and thoroughly unpalatable reality.
The only outcome that could see Rangers either all but cease to exist or drop down the leagues would be if the revelations yet to come are so incendiary, that the authorities have no option but to be seen to act (ie - if UEFA start to flex their muscles and force the hand of the SPL and SFA). I suspect the BBC documentary and what they uncover could have a dramatic impact in this respect. Cannae wait for that!
*Edit for typos*