Rangers boss Ally McCoist admits being placed in the Scottish Third Division 'is not ideal', but accepts that the Scottish Football League was left with little choice.
The Gers discovered on Friday that they will be forced to start again from the bottom of the football pyramid as a result of their much-publicised financial troubles.
Having seen their newco rejected by the Scottish Premier League, the Ibrox outfit knew there was always a chance that they would be sent to square one and asked to start all over again.
That is the situation facing the Old Firm giants and their boss, but McCoist has no qualms about leading a charge back through the divisions.
"I fully accept the decision of the SFL today and thank them for allowing us into the SFL," he said in a statement released on the club's official website.
"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."