Steven Gerrard and Ross Wilson have released a joint statement on the club's website detailing action taken against five players who attended a party in breach of government regulations.
While the Ibrox power brokers have accepted the player's apologies, the quintet have been hit with "strong disciplinary sanctions" for their actions.
Rangers first team trio Nathan Patterson, Calvin Bassey and Bongani Zungu each moved to make emotional video apologies on Wednesday afternoon via the club's TV channel for breaching Covid rules by attending a party.
Dapo Mebude, who is currently on loan at Queen of the South, and goalkeeper Brian Kinnear were also part of the group of sinners who were caught in the early hours of Valentine's Day.
And the manager and sporting director have now moved to draw a line under the situation with the players now returning from self-isolation.
A statement on the club's website read: "Firstly, we recognise that it is a huge honour to represent our club and the Rangers fanbase across the world.
© Rangers FC/PA Images "Over the course of the last week, we have both ensured that all our players understand our expectations when you are part of this great club.
"The players involved have been left in no uncertain terms as to the standards that everyone here is expected to adhere to. It has been an extremely difficult week for those players following their admission of an error of judgement whilst dealing with the consequences of their actions.
"Our internal discussions were supported by the immediate honesty shown by the players and an appreciation they fell well below the standards we expect at Rangers Football Club, day in and day out.
"Those standards form the foundation that we have set as a club in order to achieve our targets as a team.
"The first-team squad players have now returned to Auchenhowie. We are both now satisfied that the players completely understand their obligations to our club and accept with sincerity the strong disciplinary sanctions that we have imposed upon them for letting us all down.
"We accept their apologies to the club, their team mates and the fans, for whom we are forever grateful for their resolute support and loyalty."
The players are likely to face further action from the SFA in the coming days.