Hibernian manager Pat Fenlon is worried that Rangers dropping out of the Scottish Premier League will have a financial impact on other clubs.
Newco Rangers' application to join the Scottish Premier League was turned down last week, and there are fears the loss of such a major figure could cause other clubs to suffer.
Despite this, Hibs already signed four players this summer - Tim Clancy, James McPake, Paul Cairney and Ben Williams - after letting 14 members of the squad leave when their contracts expired.
Fenlon, who joined Hibs in December, is making major adjustments to his squad in an attempt to stamp his authority on the team.
"I think the Rangers situation has affected everyone," Fenlon said.
"We have just got to be careful and astute with what we try and do. We are not going to be in a position to match what has gone out of the club, but we are in a position to bring some players in to strengthen it.
"We don't have a big squad and we need to add a few more to it and if we can do that we will be delighted.
"We let 14 or 15 players go and we are not going to be in a position to sign that many players, but we have brought in four and we are hoping we can bring in a few more to strengthen the squad.
"What we want to do is build our own squad. We have done that by starting with players leaving and players coming in.
"Having the time to work with the players in pre-season obviously means you can put your own slant on things as well and we are happy with how things have gone so far."