Bury chairman Brian Fenton insists there has been no contact between his own club and Rangers following claims the Scottish giants were poised to launch a takeover bid for the npower League One outfit.
National newspaper reports suggested the Light Blues would look to take up Bury's fixtures in England's third tier next term, continuing to play their home games at Ibrox, before a club statement from the Shakers offered a firm rebuttal.
Despite a takeover by Charles Green's consortium last week Rangers' ongoing financial strife means their Scottish Premier League status remains in severe doubt, but Fenton told Press Association Sport there have been no discussions over an unusual alternative.
"There's been no contact whatsoever," he said.
"I got a call off a journalist yesterday asking whether I'd had contact with Rangers regarding investment or a takeover of Bury. At the time I thought it might just die a death as something that was being bandied around the press.
"Then this morning I got a call off one of my fellow directors about it being all over the back page of The Sun and The Mirror. I turned the television on and it was all over Sky Sports."