Lee McCulloch fears Rangers could be forced to sell players in the wake of their UEFA Champions League exit.
Walter Smith's side do not even have the consolation of the Europa League to cling to as they are guaranteed to finish bottom of Group G after losing all three of their home fixtures.
Crashing out of European competition before Christmas is certain to have a detrimental effect on the cash-strapped club's finances.
And Scotland international McCulloch accepts that the Scottish Premier League champions may now be required to cut their cloth accordingly.
He admitted: "Obviously we want to keep everybody but that is out of our hands.
"It is up to people higher up the club to talk about it."