STEVEN Pressley today warned the anger over the Rangers crisis could result in more clubs going bust.

SPL clubs are set to unanimously reject the Ibrox club's application to join the top division at a vote at Hampden on Wednesday.

And now it looks as if their SFL counterparts are set to follow their lead and scupper the newco's hopes of dropping into the Irn-Bru First Division.Cowdenbeath – the Fife minnows chaired by former Gers director Donald Findlay QC – are the only club to have given the thumbs up to the Glasgow club joining them.

Falkirk, Morton and Partick Thistle have all publicly said they will reject the move while rivals are consulting with supporters before declaring their intentions.

Fans of SPL and SFL clubs have threatened to boycott both their own clubs and opposition clubs if they vote to let Rangers into the top flight or Irn-Bru First Division.

They want to see the newly formed club start at the bottom in the Third Division and try to work their way up.

But Bairns boss Pressley has issued a call for calm and expressed the fear that hammering his former club Rangers will lead to other clubs going into administration and liquidation.

He said: "There is a lot of anger about what has happened at the moment and I think that could be clouding people's judgement. We need to have clear thinking at this point.

"Many clubs will suffer financially without Rangers involved and that should not be underestimate in all this. Other clubs could realistically go to the wall and that is not something that I or anybody else wants to see.

"I can see why people want the club to be punished, but, personally, I think we should try to reach some sort of compromise.

"And I don't just want to see one that will only benefit Rangers and the big clubs in the country. The solution to this problem has to benefit the game in this country as a whole."