Inverness have reaffirmed their opposition to the Rangers newco joining the Clydesdale Bank Premier League.
The Inverness board held an emergency meeting on Sunday to discuss the Scottish Football League decision to admit the Ibrox club to the Third Division and reject a plan to out them in the First.
Reports had claimed SPL clubs could be on the verge of a U-turn despite being expected to name Dundee or Dunfermline as the replacement for Rangers on Monday at their annual general meeting. But Inverness joined Dundee United and Hearts in this weekend stating they would not change their initial opposition to the SPL application.
And they dismissed claims their club will be placed in immediate danger from any reduction in income that comes with the SFL decision.
Chairman Kenny Cameron said in a statement: "We are one of the few clubs with no bank debt whatsoever, so our position is very far from immediately threatening, as has been alleged.
"We look forward to the new season on the back of renewed commitment over the weekend from our major shareholders and sponsors, for which we are very grateful.
"They fully appreciate that in May we, like other clubs, set our budget for 2012-13 and now there will be real change to the commercial curve because of events outwith our control.
"It is important that our supporters keep making their contribution via season ticket sales.
"We took their views on board and continue to hold the position that not allowing 'newco' Rangers into the SPL is the correct decision."
Source: PA
