Rangers have denied the Scottish Football Association's claim that the club accepted a transfer embargo.
An announcement on Friday said that the newco had agreed to a transfer ban beginning on September 1 as a "primary condition" of gaining SFA membership and being allowed to enter the Third Division.
That would allow the new club to build a squad ahead of the new season, with the bulk of the squad having departed after the original Rangers' liquidation, but manager Ally McCoist insists they have yet to accept the agreement.
"I am extremely disappointed that the SFA chose to release a statement last night when the club has not actually signed any agreement," McCoist told the club's official website. "The club is trying to get to a position where we can plan for the season, which starts in only eight days.
"We have had meetings with the SFA all week to discuss membership but I had to leave the final meeting as I could not support the sanctions they were trying to impose.
"The decision has already been taken to place Rangers in Division Three and we have accepted that, along with many more punishments. However, operating with an embargo on an already depleted first-team squad - even with a window to sign players - will make the task ahead an extremely difficult one.
"It is important to remember we have already had a ten-point deduction from the SPL, lost our Champions League place for finishing second last season, had a £160,000 fine, been refused entry to the SPL, been relegated to Division Three and lost the majority of our first-team squad - yet still the governing body has chosen to impose further sanctions.
"The transfer ban has been strongly resisted by me, the management team, the directors and supporters. From a business point of view I can understand the position the board has been placed in and ultimately they felt they had no choice but to accept some sanctions in order to move forward - as one of the alternatives could have led to the extinction of the club.
"I can also assure every Rangers fan I will not be accepting any talk of stripping the club of titles. That is something we will never accept and everyone at the club shares this view.
"This is still Rangers Football Club and the supporters will continue to back us as they have always done. There will be difficult times ahead but I know with the support of our fans we can emerge stronger and rise to the challenge.
"Talks will continue next week and we all hope common sense will prevail to allow us to get back playing football."