Ally McCoist has reiterated his belief that a newco Rangers will emerge stronger after Scottish Football League chairmen voted the club into the Third Division.
Prior to the vote, McCoist said he agreed with the view of many of the club’s supporters in wanting to start at the bottom of the league structure.
And he once again thanked the fans for their support in a statement released after Friday’s vote.
He said: “I fully accept the decision of the SFL today and thank them for allowing us into the SFL.
"Clearly, starting again from the bottom league is not ideal and makes the task of rebuilding Rangers a longer one but the SFL was placed in an impossible situation and I respect its decision.
"I fully supported the fans views that starting again in Division 3 maintains the sporting integrity that the SPL clubs were so keen on.
"The SPL clubs and the SFA have made their positions clear over the last few weeks and it remains to be seen what the long term effects of their decisions will be.
"Rangers has been severely punished for the actions of some individuals who previously ran the club and it will take time for us to recover but we will come back stronger thanks to the loyalty of the fans and the commitment of everyone at Ibrox who are working tirelessly to bring stability and success back to Rangers.
"I will be carefully monitoring events and reactions over the next few days and will be making further comments probably early next week."
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