Charles Green, with backing from his group of investors, promised fans would get their opportunity when the club was transferred to a new company in June.
And with the Light Blues announcing their intention to seek admission to the AIM market of the London Stock Exchange today, a step closer has been taken.
Thousands of Gers followers lost their holding in the old company and McCoist is pleased supporters will now be able to take on a more formal association with their club again through future investment.
“It’s another massive step in the process,” he said. “We’ve come a long way in a short space of time and we’ve still a long way to go. Today is another step in the right direction though.
“It’s a big step for the club in the respect we can hopefully raise income for it to go forward which will be used to benefit the club and the supporters.
“I’m absolutely thrilled the supporters can invest. It gives them the opportunity to invest in their club. That is very, very important – I know how important that is to them to do that.
“One of the major positives will be that the income raised will be going back into the club and being a supporter myself, I know how important it is to invest in the club.
“We’ve all had our traditions throughout the 140 years of Rangers so far. Families have supported the club throughout in that time and they’ve taken a keen interest in its future.
“Of paramount importance is that the future of the club cannot be put in jeopardy again. Looking back, I don’t think some people realise how close we might have been to extinction.
“That would have affected hundreds of thousands of people. That’s how important the club is to so many of us. That, it goes without saying, must not be allowed to happen again.
“We must be strong and solid and the supporters must see that and have faith in it because everybody involved with the club had a very traumatic time this year.”
McCoist travelled to London last night and met with chief executive Green and financial director Brian Stockbridge this morning as Rangers made their intentions clear.
Speaking exclusively to RangersTV in the capital’s financial centre, the manager talked of his satisfaction at the direction the club is heading in.
He appreciates there is still much to be done as Gers’ recovery from administration continues.
But he also knows advancements have been made and is eager for them to continue through a successful share issue.
He added: “There were dark days, of that there is no doubt. At the same time, you can never give up hope and you have to believe you can come out the other side.
“There were times when the light at the end of the tunnel seemed a little bit further away than we would have hoped.
“Thankfully, we’ve come out the other side even if there’s still a long way to go in the natural progression of the football club.
“There is absolutely no doubt that after some worrying times, we are in a far better place now than before.
“The big thing is that we keep moving forward now. We should never forget what has happened but we don’t want to look back as we want to get back to where we belong.”