I think what the club is hinting at is this scenario:
If newco is voted out of the SPL and the TV deal is renegotiated downward, we will be in the position of having the same expenses (team wages., backroom staff, ground maintenance etc.), but significantly reduced income.
The club is not in a position to get an overdraft, and the Well Society funds are untouchable in this regard, so it could leave them with quite a financial gap to plug.
I'm all for stuffing Rangers out of the SPL, but I'd really like to see what the necessary adjustments would be to the budget. If it ends up that we sell Fir Park, ground share with Accies, sack players mid-contract and get rid of McCall, then I might re-consider.
Of course, I'm not saying it would be that extreme - that is why we need all the information presented. It's more difficult to make an informed decision without the information.