Rangers chief executive Charles Green says the club have "moved on", 12 months after the start of the chain of events that has ended with them playing in Scottish Division Three.
This time last season, the Glasgow club went into administration. They were subsequently liquidated before a consortium led by Green bought the assets and business to found the newco Rangers.
But Rangers now sit at the top of Division Three as they begin what they hope will be an ascent back to the SPL and an eventual return to European football.
They have also raised more than £22 million from a December stock exchange listing - a windfall Green believes will help smooth their path back to the game's higher echelons.
"As a club, we are not just ready to move on - we have moved on," he told the official Rangers website. "The successful flotation of the club... was the biggest single step on the road to recovery.
"The fact that our business could attract in excess of £22 million of investment in a challenging economic climate was heart-warming testament to the belief of investors, from City institutions to individual fans.
"All along, we have known that the rebuilding of the club on the pitch will take time, and we are prepared for that."
He praised both the fans and manager Ally McCoist for the progress made on the pitch this season, adding: "Ally McCoist deserves everyone's full support as he and his team continue to make the Rangers team strong again.
"Finally, the most outstanding feature of the last year has been Rangers fans themselves. Nothing could have prepared me for what I have seen at Ibrox and around the world.
"The attitude of Rangers supporters in the last 12 months to the club they love has been the true essence of loyalty, and humbling to witness."
He said every Rangers fan "stands tall today and can look forward", adding: "We are on the way back.''
Manager McCoist told Sky Sports "the lads have done very well in the league" and added: "It would be a thoroughly deserved title. It's not there yet, but obviously that is the target. It would be the first rung on the ladder."
Former Rangers owner Craig Whyte has again denied any wrongdoing during his time at Ibrox.
Administrators Duff and Phelps were appointed after HMRC lodged a petition over the non-payment of PAYE and VAT following Whyte's 2011 takeover.
But he told Sky Sport News: "I welcome any fair investigation into anything to do with the takeover, the insolvency, whatever.
"I would welcome that and be happy to co-operate with any of it, and anybody will see there is no wrongdoing whatsoever.''
Information from the Press Association was used in this report