Regan said: “In light of today’s decision by the members of the Scottish Football League, the Scottish FA is committed to leading the challenge to reinvigorate the national game.
“This challenge requires the collective effort not just of the Scottish FA but the respective league organisations and all member clubs.
“Today is a watershed for Scottish football. There will, undoubtedly, be financial consequences on the horizon. None the less, with togetherness, an open mind, and innovative thinking, there can also be opportunity: opportunity to restructure the game and promote competitiveness, to place greater emphasis on development of young Scottish talent and to support the financial sustainability of clubs through the Financial Fair Play model.
“The Scottish FA has offered guidance and support to the respective league bodies during this process. The SPL and SFL enter a crucial phase ahead of the new season and they must reach agreement on the practical issues that require to be addressed within their jurisdictions.
“Ultimately, there must be an outcome that enables Scottish football to move on with consensus, clarity and confidence into a new era for the national game.”